Asciano signs another coal customer
Asciano Group (AIO) said it has signed its fifth Queensland coal haulage customer, Isaac Plains Coal Management Pty Limited, a joint venture between Aquila Resources and Vale. The contract is set to run for 10 years from July 2010 and provides up to 1.1 million tonnes per annum from Isaac Plains mine to Dalrymple Bay Coal Terminal.
During November, Asciano commissioned the sixth of its 10 train sets scheduled to commence operations in the Goonyella and Blackwater systems.
Asciano managing director and CEO, Mark Rowsthorn, said that he hoped the signing would prompt Isaac’s Plains joint venture partners to sign with Asciano.
“So far in 2009 the start up phase of the Queensland operations has delivered over 4 million tonnes,” Mr Rowsthorn said.
"This is a direct result of Pacific National’s rail haulage expertise and significant investment in this growing Queensland market."
At the close Monday, Asciano shares were trading at $1.685.
Leave a Reply