Asciano Signs 10 Year Coal Haulage Deal With Anglo American In Queensland

14th Jun 2010 23:47

MELBOURNE (Dow Jones)--Asciano Group (AIO.AU) said Tuesday it signed a 10-year coal haulage contract with Anglo American PLC (AAUKY) expected to generate revenue of more than A$775 million. The take-or-pay contract will see Asciano transport 16.5 million metric tons of coal a year, made up of an existing haulage deal for 5.75 million tons a year from the Moranbah North mine and a further 10.9 million tons a year from the German Creek facility, which is currently serviced by QR National. Asciano said it will procure four new trains to service the additional volumes. -By Alex Wilson, Dow Jones Newswires: 613-9292-2094; [email protected] (END) Dow Jones Newswires June 14, 2010 18:47 ET (22:47 GMT)