SOUTHERN PORTS AUTHORITY
— MINISTERIAL DIRECTION
863. Hon PETER COLLIER to
the minister representing the Minister for Transport:
I refer to the ministerial direction
to the Southern Ports Authority tabled in Parliament on 23 August 2018.
(1) What were the termination
payment obligations for Cliffs Asia Pacific Iron Ore Pty Ltd?
(2) On what basis
was Cliffs Asia Pacific Iron Ore Pty Ltd released from its contracted
termination payment obligations?
(3) Will the
minister table the contract between Cliffs and the Southern Ports Authority,
the operating agreement, and the lease agreements for shed 2 and shed 4 and the
office building; and, if not, why not?
STEPHEN DAWSON replied:
I thank the honourable member for
some notice of the question.
(1) The value of the termination
payment obligations is $50.2 million.
(2) Cliffs Asia
Pacific Iron Ore Pty Ltd was released from its obligations as part of the
government's support package to enable continued iron ore exports from
Cliffs Asia Pacific Iron Ore Pty Ltd's tenements by Mineral Resources
Ltd and to help to retain jobs within the region, particularly at the port of
(3) The Cliffs
lease agreements and operating agreement were entered into on 30 May 2014 and
varied by the variation of operating agreement on 3 November 2016. The minister
will seek advice as to the commercially confidential nature of these