AURIZON SECURES EXPANSION

AURIZON SECURES EXPANSION
AURIZON (ASX: AZJ) has secured a long-term contract with Caledon Coal.

The performance-based contract involves haulage of up to four million tonnes per annum of coal with a ramp-up profile from their Cook mine in central Queensland to the new Wiggins Island Coal Export Terminal (WICET).

The 11-year contract is effective from May 2015, when WICET commences shipping for customers, and runs to June 2026.

The contract was contestable and supersedes Aurizon's existing contract for 500,000 tonnes per annum.

"Aurizon is delighted to renew and extend its relationship with Caledon through to 2026," says Mauro Neves, executive vice president of commercial and marketing.

"With these significant expansion tonnages, Caledon is showing great confidence in the strong future of the Queensland coal sector.

"Aurizon is pleased to secure this contract and partner with Caledon in this growth."

The coal will be transported using existing Aurizon electric trains on the Blackwater system to the new WICET, at the port of Gladstone.

Help us deliver quality journalism to you.
As a free and independent news site providing daily updates
during a period of unprecedented challenges for businesses everywhere
we call on your support

Employee resilience is key to business resilience
Partner Content
Employee mental health and wellbeing is top of mind for Australian businesses, and or...
Aon
Advertisement

Related Stories

Commonwealth raises COVID-19 Disaster Payment to JobKeeper levels

Commonwealth raises COVID-19 Disaster Payment to JobKeeper levels

The Federal Government's COVID-19 Disaster Payment will see e...

Dexus names Dap & Co for Naldham House fitout

Dexus names Dap & Co for Naldham House fitout

Dexus Property Group (ASX: DXS) hopes to restore Brisbane's&n...

Why governments will have to consider the costs of long COVID when easing pandemic restrictions

Why governments will have to consider the costs of long COVID when easing pandemic restrictions

With governments worldwide under pressure to ease pandemic restrict...

Construction starts on $250m CHEP service centre in Brisbane

Construction starts on $250m CHEP service centre in Brisbane

Joint venture (JV) construction partners Goodman (ASX: GMG) and B...