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This will boost the coal terminal's capacity from 72m to 91m tonnes a year by 2009.
ECONOMIST: Face value
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Owned by the North Queensland Bulk Ports Corporation, Abbot Point has a deepwater coal terminal capable of handling 50 million tons annually.
FORBES: Fast-rising Indian billionaire clinches Australian port for $2 billion
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The Lord Hinton, built by the Govan shipyard in Glasgow in 1986, used to be a regular visitor to the region years ago, ferrying coal from the Tyne Tees Coal Terminal for the station on the Medway and Thames.
BBC: Coal ship repairs return to Tyneside yard
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During his two and a half years running Richards Bay Coal Terminal (RBCT) on the northern coast of KwaZulu Natal, Mr Dlamini has done much to improve tense relations with the government and the state-owned rail company that brings coal to the terminal.
ECONOMIST: Face value