Asciano Looks To Lure Business From QR National - Report
November 22 2011 - 6:00PM
Dow Jones News
Asciano Ltd. (AIO.AU) has begun talks with the BHP Mitsubishi
Alliance in the hope of snaring up to 15% of the coal venture's
haulage business from rival rail operator QR National Ltd.
(QRN.AU), the Australian Financial Review reported Wednesday.
"We're in very, very preliminary talks," David Irwin, general
manager of Asciano's Pacific National Coal unit, was quoted as
saying. "In the next six to nine months, that will really heat
up."
Haulage contracts with QR National, which come up for renewal in
2015-16, cover eight mines owned by the joint venture between BHP
Billiton Ltd. (BHP) and Mitsubishi Corp. (8058.TO) and represent
about half of the A$1.7 billion (US$1.7 billion) QR National earns
in total coal haulage revenue, the AFR reported.
Newspaper website: http://www.afr.com
-By Melbourne bureau; +61 3 9292 2094;
djnews.sydney@dowjones.com
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