THE DALRYMPLE Bay Terminal exported 53.3 million tonnes of coal over 2022 (down 1.8% from 2021), according to its results announcement, released on Monday (27 February).
ASX-listed Dalrymple Bay Infrastructure operates the Dalrymple Bay Coal Terminal, one of the two bulk export terminals at Hay Point.
The company said 75% of its exports went to Japan, South Korea, Europe and India.
And, for the 12 months to 31 December 2022, the company reported an EBITDA of $264 million, an increase of 41% on 2021. Its total income came to $626 million and its net profit after tax was $69 million.
The company said there are early signs that the informal ban on Australian coal imports to China may be lifting; China-destined vessels arrived at the terminal in February.
Dalrymple Bay Infrastructure managing director and CEO Anthony Timbrell said the terminal remains a critical link in the global steel-making supply chain and a key asset in the Queensland and Australian economies.
“The successful completion of the commercial negotiations with our customers under the light-handed regulatory framework approved by the Queensland Competition Authority in 2021 was a material development for the company during the year,” he said.
“The finalisation of these agreements provides significant cashflow certainty for the business, which allows DBI to plan with confidence over the medium to longer term with the opportunity to explore growth options including the 8X project and pursuit of our transition strategy.”
The 8X project aims to optimise and increase efficiency at the existing terminal. It would increase storage volume by 20% without increasing stockpile footprint or height and would maximise inloading and outloading capacity from the facility’s existing three systems.
