The contract, which will run until December 2020, will begin early July and will further cement the ongoing partnership between the two companies.
QR National has been forging a strong partnership with Stanwell Corporation for almost 20 years, since its first shipment of coal in June 1992.
Since this time, more than 54.2Mt have been delivered to the station, QRN executive vice-president and chief executive of coal customers and strategy
Curtis Davies said.
“Renewing this rail haulage agreement has provided a win/win for Stanwell and QRNational,” Davies said.
He said the contract included commercial incentives for strong operational performance by QR National which will provide security of supply and the flexibility to meet power station variability.
Stanwell acting CEO Wayne Collins added he was confident that QR National’s coal business would be able to utilise its size and scale to meet the transport requirements for the power station.
Meanwhile, QRN is continuing the laying of railway track on the Northern Missing Link in Central Queensland, which marks a pivotal milestone in its signature $1.1 billion Goonyella to Abbot Point (GAP) expansion project.