Wednesday, 05 December 2012 14:17
Freight rail operator Aurizon and mining giant Rio Tinto have signed a new performance based coal haulage contract in Queensland.
Aurizon, formerly known as QR National, will transport up to 12 million tonnes per annum from Rio Tinto’s Clermont mine operation to the Dalrymple Bay coal terminal for 10 years from July 2013.
The contract replaces haulage capacity from an existing 2004 agreement between Aurizon and Rio Tinto, which expires at the end of June.
“Aurizon is delighted to secure this haulage contract which leverages our scale in Queensland for the benefit of Rio Tinto,” Aurizon CEO Lance Hockridge said.
“We’re pleased to support Rio Tinto’s ramp up of Clermont Mine which opened in 2010 and extending its long term presence in the Queensland coal business. This is a large volume, high performance, flexible contract that underlines the confidence in Aurizon’s ability to deliver on commitments to customers.”
When combined with the existing contract from Clermont mine to the Abbott Point coal terminal, Aurizon would have satisfied all haulage requirements for Rio Tinto from this operation.
“This agreement demonstrates our commitment to respond to Rio Tinto’s needs and work with them to contribute to the competitiveness of Rio Tinto’s coal business,” Aurizon commercial and marketing executive vice president Paul Scurrah said.
“We have been working closely together to deliver an agreement that leverages Aurizon’s operational scale and gives Rio Tinto the operational flexibility they require to maximise coal exports from the Clermont mine.”
The contract follows just days after the 147-year-old QR National officially adopted its new name, Aurizon, which shareholders unanimously voted on at the company’s annual general meeting on 21 November.
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