Glencore Wins Cut to Coal Carrying Costs Out of Newcastle

By Melanie Burton MELBOURNE, Oct 8 (Reuters) - Australia's competition regulator said on Monday the Port of Newcastle must reduce its charges for ships entering the port to carry coal for Glencore , in a big win for the global miner. The Australian Competition and Consumer Commission said Port of Newcastle Operations Pty Ltd (PNO) should cut its current rate by about 20 … [Read more...]