ACCC gives coal miners bargaining power

The Australian Competition and Consumer Commission has granted the New South Wales Minerals Council and ten coal producers in the region interim authorization to negotiate with Port of Newcastle Operations (PNO) on terms and conditions of access to the port for coal exports, including prices.

The ten coal producers that export coal through the Port of Newcastle include Glencore Coal, Yancoal Australia, Peabody Energy, Centennial Coal, Whitehaven Coal and MACH Energy Australia.