Concerns About BIS-Cougar Mining Equipment Deal: ACCC

The Australian Competition & Consumer Commission (ACCC) has raised preliminary competition concerns about Bis Industries’ (Bis) proposed acquisition of Cougar Mining Group (Cougar).

Bis and Cougar both provide mining equipment hire services to the underground coal mining industry in New South Wales and Queensland, including the hire of longwall relocation equipment and run-of-mine equipment.

The ACCC has preliminary concerns about the supply of longwall relocation equipment hire services.

“Longwall coal mining is a method of underground coal mining,” the ACCC said in a statement. “Once all of the available coal along a coalface (or longwall) is mined, the longwall coal mining machinery needs to be moved and set up in a new location within the same mine.