Asciano Signs 10 Year Coal Haulage Deal With Anglo American In Queensland
June 14 2010 - 7:17PM
Dow Jones News
Asciano Group (AIO.AU) said Tuesday it signed a 10-year coal
haulage contract with Anglo American PLC (AAUKY) expected to
generate revenue of more than A$775 million.
The take-or-pay contract will see Asciano transport 16.5 million
metric tons of coal a year, made up of an existing haulage deal for
5.75 million tons a year from the Moranbah North mine and a further
10.9 million tons a year from the German Creek facility, which is
currently serviced by QR National.
Asciano said it will procure four new trains to service the
additional volumes.
-By Alex Wilson, Dow Jones Newswires: 613-9292-2094;
alex.wilson@dowjones.com
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