QR National, Coal Companies Sign $954 Million Australia Railway Agreement

QR National Ltd. (QRN) has signed an agreement with a group of coal companies to construct the A$900 million Wiggins Island Rail Project to a new export terminal at Gladstone. QR National’s unit reached a commercial agreement with Xstrata Coal, Aquila Resources, Bandanna Energy, Caledon Resources, Northern Energy Corporation, Yancoal Australia Pty, Wesfarmers Curragh and Cockatoo Coal, to proceed with the construction of stage one of the Wiggins Island Rail Project.

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