AURIZON LOCKS IN CONTRACT

AURIZON (ASX: AZJ) has reached agreement with the owners of long-running Queensland coal mines, Dawson and Callide, to renew existing haulage arrangements.

The arrangements are with Anglo American for Callide, and Mitsui for Dawson.

A 10-year performance-based agreement has been enacted, effective immediately.

Mauro Neves, executive vice president of commercial & marketing for the rail company, says the company worked hard to be competitive negotiating the contracts.

"Anglo American and Mitsui are valued customers and Aurizon is delighted to renew its long-term relationship for the Dawson and Callide mines," says Neves.

"We understand the challenges in the current market and Aurizon has worked hard to provide a competitive, flexible contract to meet Anglo American's and Mitsui's requirements."