MANAGEMENT

NSW producers allowed to negotiate with Port of Newcastle

THE Australian Competition and Consumer Commission is allowing 10 New South Wales-based coal miners to collectively negotiate with the Port of Newcastle for access to its coal-loading services.

 The Port of Newcastle has a capacity of 160 million tonnes per annum.

The Port of Newcastle has a capacity of 160 million tonnes per annum.

Macquarie Wealth said that might alleviate some of the cost pressure on NSW miners. "Port handling costs represent about 7-8% of the free-on-board price of coal exported from Australia," it said. ...

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