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CLR Carabella Fpo

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Share Name Share Symbol Market Type
Carabella Fpo ASX:CLR Australian Stock Exchange Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -

ACCC Lets Coal Miners Negotiate For Queensland Port Capacity

27/10/2011 12:55am

Dow Jones News


Carabella Fpo (ASX:CLR)
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Australia's competition watchdog said Thursday it will allow five miners to bargain collectively for access to export coal from the proposed Dudgeon Point terminal in Queensland state.

The Australian Competition and Consumer Commission's decision is an interim move, and means Carabella Resources Ltd. (CLR.AU), Macarthur Coal Ltd. (MCC.AU), Middlemount Coal Pty Ltd, New Hope Corp. (NHC.AU) and Peabody Energy Corp. (BTU) cannot sign contracts with the developer of Dudgeon Point until a final assessment is made.

Dudgeon Point is located in the major coal-export port of Hay Point, around 1,000 kilometers north of Queensland's state capital Brisbane.

-By David Winning, Dow Jones Newswires; +61-2-82724688; david.winning@dowjones.com

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