ACCC Lets Coal Miners Negotiate For Queensland Port Capacity
October 26 2011 - 6:55PM
Dow Jones News
Australia's competition watchdog said Thursday it will allow
five miners to bargain collectively for access to export coal from
the proposed Dudgeon Point terminal in Queensland state.
The Australian Competition and Consumer Commission's decision is
an interim move, and means Carabella Resources Ltd. (CLR.AU),
Macarthur Coal Ltd. (MCC.AU), Middlemount Coal Pty Ltd, New Hope
Corp. (NHC.AU) and Peabody Energy Corp. (BTU) cannot sign contracts
with the developer of Dudgeon Point until a final assessment is
made.
Dudgeon Point is located in the major coal-export port of Hay
Point, around 1,000 kilometers north of Queensland's state capital
Brisbane.
-By David Winning, Dow Jones Newswires; +61-2-82724688;
david.winning@dowjones.com
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