Australian iron ore producer Gindalbie Metals and QR National have chalked up a 10 year rail haulage deal worth AUD 900 million for up to 10 million tonnes per annum.
Starting January 2012, QR National subsidiary Australia Western Railroad will transport up to 10 million tonnes per annum of magnetite concentrate and hematite direct shipping ore for Gindalbie’s joint venture company Karara Mining Limited.
Under the deal, QR National Freight will invest in excess of AUD 200 million in new locomotives, wagons and upgraded administration and maintenance facilities at the Narngulu East Facility near Geraldton. Once ramp up is completed, rail haulage services will involve four trains per day with 100 wagons per train.
Gindalbie Metals said that the agreement represents a key component of the long term logistics solution for its Karara Iron Ore Project in Western Australia. (sourced from supplychainreview)
Starting January 2012, QR National subsidiary Australia Western Railroad will transport up to 10 million tonnes per annum of magnetite concentrate and hematite direct shipping ore for Gindalbie’s joint venture company Karara Mining Limited.
Under the deal, QR National Freight will invest in excess of AUD 200 million in new locomotives, wagons and upgraded administration and maintenance facilities at the Narngulu East Facility near Geraldton. Once ramp up is completed, rail haulage services will involve four trains per day with 100 wagons per train.
Gindalbie Metals said that the agreement represents a key component of the long term logistics solution for its Karara Iron Ore Project in Western Australia. (sourced from supplychainreview)
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