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Asciano Group has signed a 10 year $320 million agreement with a coal mining joint venture to move up to 3 million tonnes per year of coal in Queensland.
The contract was signed with Middlemount Coal Pty Ltd, a joint venture between local miner Macarthur Coal and Singapore's Noble Group, and Asciano will start hauling from January 1, 2012.
Asciano will haul the coal from the new Middlemount mine complex, the Melbourne-based company said in a statement on Thursday.
"This is a significant step in Asciano's growth strategy," chief executive Mark Rowsthorn said in the statement.
"It demonstrates our ability to meet our customers needs in Queensland and places us in prime position to take advantage of further growth tonnages from coal producers who have committed to port capacity at Abbot Point."
Mr Rowsthorn said Asciano had secured over 45 million tonnes of coal haulage contracts in Queensland.
© 2010 AAP
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