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AIO Asciano Fpo (delisted)

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Share Name Share Symbol Market Type
Asciano Fpo (delisted) ASX:AIO Australian Stock Exchange Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -

Asciano Group: Selected Preferred Operator For Xstrata Copper

18/12/2009 12:16am

Dow Jones News


Asciano (ASX:AIO)
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Port and rail operator Asciano Group (AIO.AU) said Friday it has won a tender expected to be worth A$400 million over 10 years to haul ore from a copper mine owned by Xstrata PLC (XTA.LN) in Queensland state.

Asciano said in a statement it will enter into take or pay contracts with Xstrata Copper to haul at least 1.2 million tons of magnetite from its Ernest Henry Mine from February 2011.

The company expects to spend around A$80 million on two narrow gauge diesel train sets and the potential construction of a loading facility and rail infrastructure at the north-west Queensland town of Cloncurry.

-By Bill Lindsay, Dow Jones Newswires; 61-2-8272-4694; bill.lindsay@dowjones.com

 
 

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