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Pacific National's $800m deal with Xstrata Coal
The world's biggest coal producer, Xstrata Coal, has signed a 10-year haulage contract with Asciano-owned Pacific National covering the Hunter Valley and Port Kembla regions in New South Wales.
Bigger load: Pacific National secures biggest Australian coal contract
The contract, which makes Xstrata the rail operator's biggest coal customer, replaces several existing contracts from January 1 next year.
Excluding rail access charges, the deal is tipped to generate total net revenue of more than $800m for Asciano over...
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