Newcastle Port Corporation

Newcastle Port Corporation, a corporation owned by the Government of New South Wales, is responsible for the management, development and operation of seaport facilities within the Port of Newcastle, New South Wales, Australia.Newcastle Port Corporation was established in 1996 pursuant to the and the.According to Newcastle Port Corporation, the Port of Newcastle is Australia's first commercial export port; with coal first exported from the harbour in 1799, eleven years after the start of European settlement in Australia. During 2012/13, exports of coal from the port exceeded 142.6 million tonnes, at an estimated value of 15.25;billion.The corporationThe Port of Newcastle is core to the city's economy and a vital part of Australia's coal industry. As at 30 June 2013, Newcastle Port Corporation employed 142 people. Under its enabling legislation, the statutory objectives of the corporation are: to be a successful business and, to this end: to operate at least as efficiently as any comparable businesses; to maximise the net worth of the State's investment in the Port Corporation; and to exhibit a sense of social responsibility by having regard to the interests of the community in which it operates and by endeavouring to accommodate these when able to do. to promote and facilitate trade through its port facilities to promote and facilitate a competitive commercial environment in port operations to improve productivity and efficiency in its ports and the port-related supply chain to ensure that its port safety functions are carried out properly where its activities affect the environment, to conduct its operations in compliance with the principles of ecologically sustainable development contained in s6(2) of the Protection of the Environment Administration Act 1991. to exhibit a sense of responsibility towards regional development and decentralisation in the way in which it operates Equity in the corporation is held jointly by the Treasurer of New South Wales and the Minister for Finance and Services, who hold their shareholding in trust on behalf of the NSW Government.