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The Australian Financial Review reports that a secret agreement between BHP Billiton (NYSE:BHP, ASX:BHP, LSE:BLT) and the Port Hedland Port Authority could play a key role in which companies are allocated port capacity in the future.
The Australian Financial Review reports that a secret agreement between BHP Billiton (NYSE:BHP, ASX:BHP, LSE:BLT) and the Port Hedland Port Authority could play a key role in which companies are allocated port capacity in the future.
As quoted in the market news:
The deal – which is confidential – is believed to effectively guarantee that any additional users would only be granted permission to use the port if it could demonstrate it would not damage BHP’s efforts to ramp up production to 240 million tonnes a year.
Click here for the full article in The Australian Financial Review