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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 | - |
From May 2019 to May 2024
Australian infrastructure operator Asciano Ltd. (AIO.AU) has renegotiated a contract with miner Coal & Allied Industries Ltd. (CNA.AU) to carry 30 million metric tons a year from its Hunter Valley mines to the port of Newcastle, the company said.
The new, minimum 10-year contract is based on take-or-pay terms, under which Coal & Allied will pay Asciano for carriage of the coal whether it is able to provide the tonnage or not.
Asciano is the dominant provider of coal haulage in the Hunter Valley feeding Newcastle, the world's largest coal export basin by tonnage. QR National Ltd. (QRN.AU) is dominant in the coal mines of Queensland state to the north.
-By David Fickling, Dow Jones Newswires; +61 2 8272 4689; david.fickling@dowjones.com
1 Year Asciano Chart |
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