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Rio has become a stumbling block against the planning application for Mt Owen to extract 70 million tonnes of coal up to 2030.
“It is opposing the project, due to fears it will cause further congestion on the Newdell rail loop, owned by its subsidiary Coal and Allied,” ABC reported.
“Rio and Glencore had an agreement to share the infrastructure on the basis that the coal only came from Glencore's [nearby] Liddell coal operations.
“Rio says its Newdell loop already has capacity constraints, and it cannot support the addition of two million tonnes a year from Mount Owen, as it would negatively impact on its business interests.”
Glencore is not commenting on the matter. Relations between Rio and Glencore have seemingly soured since Glencore management started talking up prospects to acquire Rio last year.
