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.

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NSW producers allowed to negotiate with Port of Newcastle NSW producers allowed to negotiate with Port of Newcastle NSW producers allowed to negotiate with Port of Newcastle NSW producers allowed to negotiate with Port of Newcastle NSW producers allowed to negotiate with Port of Newcastle

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.