BHP Says Miners Reach Newcastle Port Agreement With Government
September 17 2009 - 6:27PM
Dow Jones News
BHP Billiton Ltd. (BHP.AU) said Friday coal miners have reached
an agreement with the New South Wales state government over the
future of long-term access to export capacity at the Port of
Newcastle.
The agreement will see new coal producers granted some access to
capacity at any future expansion of the Newcastle Coal
Infrastructure Group's export facilities.
"With these agreements in place the coal industry will have
long-term certainty over future access to vital port capacity which
will support our future expansions and growth of the region," BHP
President of Energy Coal Jimmy Wilson said in a statement.
A spokesman for NCIG confirmed all the capacity framework
documents for the access regime have now been signed by all parties
and said the agreements are now subject to approval by the
Australian Competition and Consumer Commission.
NCIG, made up of a group of current coal exporters including
BHP, is close to completing construction of the first stage of its
coal export facilities which will have annual capacity of 30
million metric tons.
Under the agreement with the government, new coal producers will
be granted up to 12 million metric tons of export capacity in any
further expansions of NCIG's operations.
-By Alex Wilson, Dow Jones Newswires; 61-3-9292-2094;
alex.wilson@dowjones.com