A PYMNTS Company

Australia: Queensland approves coal port price hikes for $5.4B expansion plan

By  |  April 26, 2013

One of Queensland’s largest coal ports has been given approval by the Queensland Competition Authority to increase prices of coal it handles in efforts of the port to proceed with a $5.4 billion plan to expand. Dalrymple Bay Coal Terminal will charge an additional $0.0065 per ton of coal handled to raise the money for a project that would reportedly lead to the creation of more than 1000 jobs, nearly doubling the business. The regulator was informed of the port that mining companies have already expressed interest to use the extra space that would be acquired. The project would be quadruple the cost of an earlier expansion by the same company.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: CQ News

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.