Queensland coal miners have resolved to band together to take ownership of Queensland Rail (QR), labelling the State Government's privatisation plans as "in the interest of neither the coal industry nor Queensland taxpayers."
Aquila Resources is taking Vale-subsidiary Bowen Central Coal to court as a result of the impasse over the Eagle Downs coking coal project.
Aquila Resources today confirmed that Vale-subsidiary Bowen Central Coal (BCC) had not signed off on the infrastructure arrangements for the Eagle Downs project by last Friday’s deadline.
Aquila Resources and Bowen Central Coal are disputing the infrastructure arrangements for their Eagle Downs hard coking coal project in Queensland.
The proposed IPO of Queensland Rail has seen a backlash across the State.
Queensland Transport Minister Rachel Nolan yesterday announced the $49 million duplication of the Blackwater rail system in the Central Bowen Basin had been completed.
Asciano Group has accused Queensland Rail of lowering track charges in order to win a major coal transport contract in the Hunter Valley.
Siemens has announced the recent completion of the electrification works for Queensland Rail's Jilalan Rail Yard infrastructure upgrades.
Cockatoo Coal has bought the Baralaba coal mine located in Queensland's Bowen Basin.
Queensland Rail's predicted revenue growth was hampered by the January floods that inundated the Bowen Basin and Central Queensland, QR's chairman John Prescott said.