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Australian Watchdog OKs Newcastle Coal Access Pact

 |  August 27, 2020

Australia’s anti-competition regulator has made a final ruling that allows 10 coal producers to collectively negotiate with the port of Newcastle on terms and conditions of access for coal exports, including prices. The final determination ruling follows a draft authorization issued in June. 

The New South Wales (NSW) Minerals Council and 10 coal producers will be allowed to collectively negotiate the terms and conditions, including prices, of access to the port of Newcastle for the export of coal and other minerals until September 30, 2030, under the ruling from the Australian Competition and Consumer Commission (ACCC).

“The ACCC believes that collective bargaining is likely to generate public benefits, including enabling coal producers to have greater input into the terms and conditions of access and increasing transparency around capital expenditure plans and cost allocation at the port,” ACCC commissioner Stephen Ridgeway said.

Full Content: Argus Media

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