A PYMNTS Company

Australia: ACCC to allow collective bargaining between coal producers, water supply co

By  |  December 19, 2012

The Australian Competition and Consumer Commission has released a draft proposal that would allow coal producers in Queensland to collectively bargain their contracts with SunWater. The producers include Cuckatoo Coal, Cuesta Coal, MetroCoal, Peabody Energy Australia PCI, QC Resource Investments and Whitehaven Coal. The collective bargaining would pertain to deals of water supply as well as to the ongoing Nathan Dam development project. In a statement made by ACCC Chairman Rod Sims, the ACCC hopes that the collective bargaining would ensure access to the water supplied by the Nathan Dam as well as result in “transaction cost savings.”

    Get the Full Story

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

    Subscribe 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: ACCC

    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.