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Aurizon has extended its relationship with long-term customer Syntech Resources by signing a new performance-based contract for the rail haulage of coal from the Cameby Downs Mine to the Port of Brisbane.

The two-year agreement will see Aurizon haul up to 1.7 million tonnes per annum of coal from 1 February 2016, and includes the option of an additional two year extension.

It replaces an existing 1.4mtpa agreement between Aurizon and Syntech Resources for Cameby Downs that commenced in 2011 and will expire at the end of January 2016.

Aurizon EVP Commercial & Marketing Mauro Neves said the agreement demonstrated Aurizon's commitment to working with customers to contribute to the competitiveness of their operations in the current challenging environment.

'We have worked closely with Syntech Resources to deliver an agreement that provides operational flexibility and the opportunity to share in productivity enhancements and improvements in market conditions.'

The Cameby Downs Mine is located in southeast Queensland, approximately 360km northwest of Brisbane, and is connected to the Port of Brisbane by the South-West rail corridor.

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Aurizon Holdings Limited issued this content on 2016-01-21 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-20 23:18:25 UTC

Original Document: http://www.aurizon.com.au/Media/MediaRelease/Pages/Aurizon-announces-coal-haulage-agreement-with-Syntech-Resources.aspx