News

Mining companies to negotiate over Nathan Dam project

Mining companies to collectively negotiate with Sunwater for water supply in relation to development of the Nathan Dam project.
Mining companies to collectively negotiate with Sunwater for water supply in relation to development of the Nathan Dam project. Contributed

SIX mining companies will collectively negotiate with SunWater for water supply and in relation to the development of the Nathan Dam project in Central Queensland.  

The Australian Competition and Consumer Commission released a draft determination yesterday naming the mining companies as Cockatoo Coal, Cuesta Coal, MetroCoal, Peabody Energy Australia PCI, QC Resource Investments and Whitehaven Coal.

"The ACCC is satisfied that collective bargaining is likely to result in transaction cost savings and will enable coal producers to secure access to water supply from the Nathan Dam," ACCC Chairman Rod Sims said.  

"This will support mining expansions in the Surat and Bowen Basins and avoid any unnecessary delays in generating additional export revenue."  

"The ACCC is satisfied that there is likely to be little, if any, public detriment generated by the conduct as participation in the collective bargaining is voluntary and does not include boycott activity, there is limited composition of the bargaining group and limits on information exchanges," Mr Sims said.  

The ACCC previously granted interim authorisation to the coal producers to commence collective negotiations in November 2012.  

Authorisation provides immunity from court action for conduct that might otherwise raise concerns under the competition provisions of the Competition and Consumer Act 2010.

Broadly, the ACCC may grant an authorisation when it is satisfied that the public benefit from the conduct outweighs any public detriment.  

Interim authorisation allows the parties to engage in the conduct prior to the ACCC considering the substantive merits of the application.  

More information about this application for authorisation and the ACCC's draft decision will be available from www.accc.gov.au/AuthorisationsRegister

Topics:  accc, mines, nathan dam, water



Man caught with knife on riverbank

A man alleged a knife found in his backpack was for cutting food.

Stolen money spent on groceries and rent

Rockhampton Court

A woman who stole thousands from her employer has been heavily fined

Local Partners

Our veterans recognised

YEPPOON'S oldest serving war veterans filled the room at the Yeppoon RSL last week where they were recognised for their long service to the RSL League.


Your chance to win

$1000 TOY VOUCHER
Learn More

Cliff Richard to release 101st album

Sir Cliff Richard's album cover

Sir Cliff Richard is to release his 101st album

CMC Rocks faces fan backlash over date change, headliners

The 10th annual CMC Rocks festival will be headlined by The Dixie Chicks.

FANS are not happy about festival being pushed back by two weeks.

Kim Kardashian West attacked by man trying to kiss her bottom

Vitalii Sediuk targeted Gigi Hadid last week

Madonna poses naked in solidarity with Katy Perry

Madonna posted her own nude selfie on Instagram

Carlos Santana added to Bluesfest 2017 line up

Carlos Santana at Bluesfest 2013.

Calling all local black magic women

Disney to remake 'The Lion King', and it's live-action

The Lion King is coming back to movie theatres

And this time it's going to be live-action.

$40million hotel, shops development project for Mackay

Mt Pleasant hotel and retirement accommodation, proposed at 194-202 Malcomson St.

$40m development to take Mackay to 'the next level'

Projects hoped to revive Rockhampton real estate

There have been just over 800 house sales in Rockhampton this year

Property 200m from ocean selling for just over $100K

BEACHCOMBER PARK: Work has started on a new $19.2 million development at Toogoom.

The estate's developer is offering huge discounts for early buyers.

UPDATE: Former rodeo champ's sale rained out, now back on

Larkhill local Ken Consiglio is having an auction of most of the things on his property.

'People kept showing up and we had to turn them away'

First stages of $25 million housing development underway

New development on Madsen Rd - The Springs.

The blocks of land are much bigger than usual

14% of renovators doing own electrical work?

Landscaping (46%), demolition (43%) and interior design (77%) are also often tackled head on by plucky homeowners.

And 12% said they did their own plumbing work