QR National Re-opening Blackwater Rail Network After Floods
January 19 2011 - 12:38AM
Dow Jones News
QR National Ltd. (QRN.AU) will re-open parts of the Blackwater
coal rail system in Queensland state later on Wednesday after
operations were hampered by floods.
The first loaded coal trains will begin heading to the port of
Gladstone soon after 0700 GMT, Chief Executive Lance Hockridge said
in a statement.
The track is expected to be available to mines on the northern
branch of the Blackwater system from Monday and repairs to the
track further inland are expected to be completed by Tuesday, QR
National said.
A re-opening date for the remaining link on the network, a spur
to Xstrata PLC's (XTA.LN) Rolleston mine, is yet to be
confirmed.
QR National's three other coal networks are already open.
"We're pleased to have re-started most operations across
Queensland for our customers and look forward to ramping up
services and system capacity over coming weeks," Hockridge
said.
The company said last week that the specific impact on tonnages
and network recovery costs on its full-year earnings "remains under
assessment".
-By Ross Kelly, Dow Jones Newswires; 61-2-8272-4692;
Ross.Kelly@dowjones.com
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