ACCC tells mining companies to hammer out negotiation deal
A GROUP of mining companies - including one owned by the Chinese Government and another by a Queensland magnate - have been given permission to haggle as one for access to a planned Central Queensland port.
The Dudgeon Point port project will be built south of Dalrymple Bay, less than an hour south of Mackay, with Indian infrastructure Adani spearheading the development.
Endocoal, ex-billionaire magnate Nathan Tinkler's Whitehaven Coal, the Chinese state-owned Yancoal, QC Resource Investments and Linc Energy are all vying to be a part of the project.
The Australian Competition and Consumer Commission told all five companies on Thursday they could negotiation as one group with Adani to hammer out a deal.
They may also form a team when dealing with Aurizon - formerly QR National - to sort out how a rail line would be developed to link their mines with the future port.
Adani is chasing government approval for its $7.1 billion Carmichael coal and rail projects in the Galilee Basin, which will export 60 million tonnes of energy coal per year from 2022.