CAPITAL MARKETS

Macarthur picks Asciano for extra coal haulage

MACARTHUR Coal has inked a nine-year, take-or-pay contract with Asciano rail operator subsidiary Pacific National to haul up to 3.7 million tonnes of coal per annum to the Dalrymple Bay Coal Terminal from July.

Blair Price
Macarthur picks Asciano for extra coal haulage

Macarthur managing director and chief executive officer Nicole Hollows confirmed rival operator Queensland Rail would continue to haul coal from the producer’s 73.3%-owned Coppabella and Moorvale surface...

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