Port Waratah Announces Resignation of Chairman

The Chairman of Port Waratah Coal Services, Michael Harvey, has announced that he is stepping down after nearly six years in the role.

Mr Harvey made the announcement at a regular meeting of the Port Waratah Board today and will formally step down at the end of May.

Since he took on the role in August in 2009, Mr Harvey has overseen a period of substantial change at Port Waratah.

In this period the Hunter Valley coal industry has seen rapid growth in demand and terminal capacity followed by the current environment of depressed prices and demand.

During Mr Harvey’s tenure as Chairman, Port Waratah has made significant progress in a number of key areas:

  • A significant reduction in injury frequency rates has been achieved;
  • The Long Term Commercial Framework was adopted and implemented, delivering certainty of access and throughput and significant capacity benefits to coal producers;
  • The Kooragang Terminal Expansion Projects were completed, bringing capacity to the consented limit of 120 million tonnes per annum;
  • The Terminal 4 assessment process has been advanced through a first round of PAC hearings; and
  • The business has been substantially restructured to improve efficiency and productivity, delivering the benefits of an exceptionally low coal handling charge to its customers.

Mr Harvey said that he is extremely heartened by the vastly improved safety performance at Port Waratah.

"The results being achieved are a credit to each employee and contractor and reflect the commitment of everyone involved at Port Waratah in creating a culture of zero harm," Mr Harvey said.

Mr Harvey added that Port Waratah has adapted quickly and effectively to the changing business environment and the team can be proud of its achievements in responding to the challenges currently facing the coal industry.

"This is exemplified by the reduction of the coal handling change to the lowest level in Port Waratah’s history, while continuing to strive to meet all the expectations of our many stakeholders, particularly the community," he said.

"I wish the Directors, management, employees and contractors all the very best for the future in continuing to position Port Waratah as the most efficient coal export terminal in the world."

Port Waratah Coal Services will make an announcement regarding a replacement for Mr Harvey in due course.

 

ENDS

For more information please contact

Paul Chamberlin

Mobile: 0419 233 989

Email: paul.chamberlin@endeavourconsulting.com.au