AURIZON SECURES EXPANSION

Written on the 28 April 2015

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.


Latest News

SUPREME COURT ORDERS OCTAVIAR GROUP TO WIND UP

THE Queensland Supreme Court has ordered the Octaviar Group of companies (formerly known as MFS Group) to be wound...

CEOS BRAVE THE COLD TO RAISE $1.4 MILLION FOR THE HOMELESS

MORE than 400 executives confronted the cold last night in the annual Vinnies CEO sleepout, which took place benea...

JENNIFER WESTACOTT ON BANK TAX: IT EXPOSES GOVERNMENT "DESPERATION"

South Australia's new bank levy exposes the desperation of a government that is unable to get its own budget and ...

BASKETBALL'S COMEBACK CONTINUES WITH NBL CLUBS TO FACE OFF AGAINST CHINA'S NATIONAL TEAM

THE RESURGENCE of Australia's National Basketball League (NBL) continues with China's national team to play t...

Related News

BASKETBALL'S COMEBACK CONTINUES WITH NBL CLUBS TO FACE OFF AGAINST CHINA'S NATIONAL TEAM

THE RESURGENCE of Australia's National Basketball League (NBL) continues with China's national team to play t...

DOMESTIC TOURISM IN AUSTRALIA BREAKS RECORDS, INJECTS $61.7 BILLION INTO NATIONAL ECONOMY

DOMESTIC Australian tourists have spent a record breaking $61.7 billion on intra and interstate travel this year, acc...

THE DOCTORS WHO PLUNGED INTO THE SHARK TANK AND SURVIVED WITH A $500,000 INVESTMENT

THEIR mission is to change the face of cancer care with an app that empowers and connects patients and care givers...

IMF BRACES FOR BIG LOSS FOLLOWING WITHDRAWAL FROM SPOTLESS CLASS ACTION

LITIGATION fund IMF Bentham (ASX: IMF) is set to lose as much as half a million dollars after it ceases funding one o...

BOOK YOUR FUNCTION SPACE HERE

 

 

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter