QR National has signed a long-term coal haulage contract with Stanwell Corporation Limited (Stanwell) to transport up to 3.7 million tonnes per annum.
The contract commences on 1 July 2011 and runs to December 2020.
It provides for the haulage of up to 3.7 million tonnes per annum from Wesfarmers’ Curragh mine to Stanwell Power Station, located west of Rockhampton.
QR National Executive Vice President and CEO Coal Customers and Strategy, Curtis Davies, said the company was delighted to renew a long-term relationship with Stanwell.
“Renewing this rail haulage agreement has provided a win/win for Stanwell and QR National,” Mr Davies said.
“The contract includes commercial incentives for strong operational performance by QR National, underpinning Stanwell’s key considerations – security of supply and the flexibility to meet power station variability.”
Stanwell’s Acting Chief Executive Officer, Wayne Collins, said:
“I’m confident that QR National’s coal business would be able to utilise its size and scale to meet the transport requirements for Stanwell Power Station.”
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 54.2 million tonnes have been delivered to the station.