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With its first major investment since listing last year, QRN aims to lift the capacity of the Goonyella rail network by 11 million tonnes per annum to 140Mtpa by early 2014.
The project requires track duplication and an electricity feeder station.
“The Goonyella system is already the largest single export coal network in Australia and this capacity enhancement takes it to another level,” QRN said.
QRN shares are up 3c to $3.27 this morning.
