Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Major Coal Deal For Toll Rail

Major Coal Deal For Toll Rail

 

15 May 2008

Toll Rail has signed a two-year contract to transport coal from Eastern Coal Holdings Takitimu mine to Clandeboye, one of Fonterra's two large South Island dairy factories.

The contract will entail Toll Rail moving about 120,000 tonnes of coal per year. This is expected to be handled by five daily trains per week, with additional capacity available as required.

Toll Rail Group General Manager Joe Garbellini says the deal, which commences with the redevelopment of the Takitimu mine during the coming dairy season in September, followed Fonterra transferring its coal supply arrangements to Eastern Coal Holdings.

He said Toll Rail had been in close negotiations with Eastern over several months and after an extensive evaluation process continued rail of the coal prevailed as the most sustainable and efficient transport option.

As Toll Rail has previous experience in servicing Fonterra’s requirements in this area, he said the switchover to Eastern would create little operational change.

Ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

By May 2018: Wider, Earlier Microbead Ban

The sale and manufacture of wash-off products containing plastic microbeads will be banned in New Zealand earlier than previously expected, Associate Environment Minister Scott Simpson announced today. More>>

ALSO:

Snail-ier Mail: NZ Post To Ditch FastPost

New Zealand Post customers will see a change to how they can send priority mail from 1 January 2018. The FastPost service will no longer be available from this date. More>>

ALSO:

Property Institute: English Backs Of Debt To Income Plan

Property Institute of New Zealand Chief Executive Ashley Church is applauding today’s decision, by Prime Minister Bill English, to take Debt-to-income ratios off the table as a tool available to the Reserve Bank. More>>

ALSO:

Divesting: NZ Super Fund Shifts Passive Equities To Low-Carbon

The NZ$35 billion NZ Super Fund’s NZ$14 billion global passive equity portfolio, 40% of the overall Fund, is now low-carbon, the Guardians of New Zealand Superannuation announced today. More>>

ALSO:

Split Decision - Appeal Planned: EPA Allows Taranaki Bight Seabed Mine

The Decision-making Committee, appointed by the Board of the Environmental Protection Authority to decide a marine consent application by Trans-Tasman Resources Ltd, has granted consent, subject to conditions, for the company to mine iron sands off the South Taranaki Bight. More>>

ALSO: