<span class="" id="parent-fieldname-description"> Asciano has won a deal to haul 7m tonnes of coal each year for two of Macarthur Coalâs mines in Queensland and is looking for more market share. </span> <p>Pacific National, a subsidiary of Asciano, will transport the coal from Coppabella and Moorvale mines to Dalrymple Bay Coal Terminal from November 1st under a take-or-pay arrangement.<br />The contract is expected to generate about $250m in revenue for Asciano.<br />With annualised tonnes in excess of 10m the contract confirms Macarthur related entities as Asciano’s largest coal haulage customer in Queensland.<br />Asciano chief executive Mark Rowsthorn said that haulage deals secured so far had exceeded the company’s targets.<br />“We originally planned on securing contracts totalling 30m tonnes by the end of 2010 and that box has well and truly been ticked and wha’ts more, every contract signed to date will deliver returns at or above our internal benchmarks,” Rowsthorn said.<br />“With our first 10 train sets in Queensland now contracted, Asciano will now proceed to purchasing further train sets to support our ongoing growth in this extremely important market.<br />“The coal haulage opportunities presented by the northern and southern missing link infrastructure projects as well as the development of the Surat and Galilee basins are clearly next on our agenda.”<br />In November last year, the Queensland government confirmed the northern missing link rail infrastructure project to support the Abbot Point 50m tonne project and targeted January 2012 for completion. In December, transport minister Rachel Nolan announced that North Queensland Bulk Ports was seeking companies to express their interest for the right to develop coal terminals at Abbot Point up to 110m tonnes.<br />“These developments combined with the 25m tonne stage one Wiggins Island planned development provide significant opportunities for Asciano,” Rowsthorn said.</p><p> </p>
