Coppabella And Moorvale Joint Venture Announces Long Term Rail Contract With Pacific National
Friday, 05 February 2010 08:26
The Coppabella and Moorvale Joint Venture (CMJV) has signed a long term take or pay contract with Pacific National Pty Ltd (Pacific National), a subsidiary of the Asciano Group (ASX:AIO), for the haulage of coal.
The contract, with a commencement date of 1 November 2010, allows for haulage of a total of 7.0Mtpa of coal from the Coppabella and Moorvale mines to the Dalrymple Bay Coal terminal (DBCT).
Macarthur Coal Limited (ASX:MCC) owns 73.3% of the Coppabella and Moorvale mines through the CMJV.
Macarthur Coal Managing Director and CEO Nicole Hollows said, “Macarthur Coal has used Pacific National for supplementary capacity over the last six months and has been pleased with their commitment to delivery and flexibility. The signing of this additional contract provides Pacific National and the CMJV with the ability to replicate this performance across the Coppabella and Moorvale operations”.
