Commodities trader Glencore has been ordered to pay $3 million to the Port of Newcastle after losing a court battle over a dispute about the fees it is charged to export coal.
The northern NSW port, which mostly exports coal, had claimed that it was owed $3 million in unpaid invoices plus $65,839 in interest by Glencore after being sued in the NSW Supreme Court by the Swiss-headquartered mining company.
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Jenny Wiggins writes on business, specialising in infrastructure, telecommunications and transport. Connect with Jenny on Bluesky: @jennywiggins.bsky.social Email Jenny at jwiggins@afr.com
