Subscribe to RSS feedQR moves to allow ‘missing link’ agreement to be signed
QUEENSLAND Rail’s (QR) acceptance of greater risk and revision of the early cost load for the $1.1bn Goonyella to Abbot Point coal rail project has allowed a commercial principles agreement to be signed with the coal firms involved, Aquila Resources said this week.
Bowen Central Coal (the Aquila-Vale Australia joint venture) and Lake Vermont (the Thiess Mining project ultimately owned by Leighton) have agreed to become foundation customers of the GAP expansion.
The project includes construction of the “missing link” — a 69...
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