Subscribe to RSS feedAsciano secures 10-year Anglo Coal rail deal
Australia's second largest coal haulage operator, Asciano, has signed a 10-year contract to haul coal exports for Anglo Coal in Queensland.
Queensland contract agreement
The performance-based deal, to start in the 2009/10 financial year, would see Asciano's Pacific National rail business haul up to 5.75m tonnes of coal a year from Moranbah North mine in the Goonyella system.
Anglo Coal is the fourth Queensland coal haulage customer for Asciano, joining Macarthur, Rio Tinto and Xstrata.
"Anglo Coal is looking to apply its integrated coal chain model to the commercial principles of a coal haulage contract," Asciano managing director Mark Rowsthorn said.
"The result is a unique mixture of take or pay commitments by Anglo and performance-based commitments from Asciano which matches the cargo assembly mode of the coal chain."
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