QR wins $2B Xstrata contract

QUEENSLAND Rail has secured a $A2 billion contract to haul coal for Xstrata in Queensland from 2010.
QR wins $2B Xstrata contract QR wins $2B Xstrata contract QR wins $2B Xstrata contract QR wins $2B Xstrata contract QR wins $2B Xstrata contract

Queensland Rail.

Angie Tomlinson

The contract will cover coal from Xstrata’s Newlands, Collinsville, Oaky Creek and Rolleston mines.

QRNational Coal executive general manager Marcus McAuliffe said the new long-term contracts would begin in 2010 and 2011.

"We are delighted to finalise these agreements because they build on our recent successes in the New South Wales market, where we have almost trebled our market share,” he said.

QR chief executive Lance Hockridge said to support the contracts the company planned to expand its fleet with a $100 million capital expenditure program on new locomotives.

"By 2011, we aim to have lifted capacity on our network to more than 240 million tonnes a year, something that wouldn't be possible without a substantial investment in rolling stock and associated infrastructure,” he said.

Queensland Premier Anna Bligh said that QR had hauled 3 billion tonnes of coal in its 41-year history.

In 2008-09, QRNational Coal's operations in Queensland and the Hunter Valley operated about 360 locomotives and 8200 wagons, serviced 56 coal mines and delivered 186.7 million tonnes of coal.

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