THE AUSTRALIAN Competition and Consumer Commission has revoked its interim approval which had allowed coal exporters to operate at the same time as expanding the port of Newcastle.
But the ACCC says that because Port Waratah Coal Service, Newcastle Port Corporation and the Newcastle Coal Infrastructure Group cannot agree a long term solution agreement to solve port capacity issues, the approval has been revoked.
The two parties which signed the deal - Port Waratah Coal Services and the Newcastle Port Corporation - say it's now up to the BHP Billiton backed Newcastle Coal Infrastructure Group to come an agreement.
The group refuses to sign because it is insisting that before they have rights to go over to the Port Waratah Coal Service terminal and require from them an expansion in that terminal to meet their needs, their exporting needs, they need to build their current loader to its full capacity.
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