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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