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The new company agreement (EA) ended a dispute that resulted in sporadic strikes at the Central Queensland Coal Network late last year and early this year. The dispute began before Christmas and the last labour dispute was in mid-March. The agreement also improves performance, which better reflects the risks associated with owning and operating the CQCN, and sets up a rebate mechanism for customers if Aurizon is below the target level. Sydney – A dispute between Australian rail operator Aurizon and unionized workers in the country`s largest export coal transmission system over a coal companies deal, which has led to various labour disputes, has ended. Aurizon, Australian coal workers end dispute over company deal « Aurizon employees voted in favor of a new company deal, » Aurizon said in an email sent Monday to S&P Global Platts. « 81.2 percent of staff covered by the proposed agreement voted `yes` in the vote that ended on July 19. » The industry agreement provided by Aurizon and coal customers is revolutionary, » said Andrew Harding, MD and CEO of Aurizon. The revised UT5 access agreement was presented to the CAQ last May, following a pioneering agreement between Aurizon and coal miners. — Posted by Geetha Narayanasamy, newsdesk@spglobal.com A spokesman for Rail, Tram and Bus Union, said this meant there would be no further industrial action regarding the coal supply chain. While the strikes impacted key network volumes, the volume of strong customer demand increased by 2% year-on-year in the January-March quarter to 36.4 million tonnes, according to Aurizon`s latest quarterly report. To read more, you need to log in or register with us. A further increase in the WACC to 6.3% will be carried out following an independent capacity assessment of the CQCN. In the event that a capacity shortfall is found, the wacc increase to 6.3% will only begin when Aurizon informs the parties concerned of the proposed options to remedy the deficit.

E-mails separated by commas, maximum limit of 4 addresses 20. December 2019 From: Esmarie Iannucci Creamer Media Senior Deputy Editor: Australasia To subscribe to the email subscriptions@creamermedia.co.za or click here To apply for an email advertising@creamermedia.co.za or click here Are the high prices of Indian steel the result of a supply shock or is it a demand reality? Key elements of the commitment include extending the access company`s dull to ten years from July 2017 to June 2027, allowing for a better long-term investment decision for CQCN, as well as greater customer involvement in the evaluation and pre-approval of annual strategies and budgets for the renewal and exchange of facilities and maintenance expenses. « We now have a regulatory model that ensures long-term investment security and supports the productivity and performance of Queensland`s coal supply chain. With administrative permission, we can use all our collective energies to continuously improve and improve efficiency, » Harding said. Saudi Arabia promotes circular carbon scheme because it plans to continue pumping oil ARTICLE REQUEST SAVE THIS ARTICLE EMAIL THIS ARTICLE PERTH (miningweekly.com) – The Queensland Competition Authority (QCA) has approved freight service provider Aurozin`s revised project to change the obligation to access the Central Queensland Coal Network (CQCN). It is free and easy to do. Please use the button below and we`ll take you back here after the end. CQCN includes four major coal systems – Moura, Blackwater, Goonyella and Newlands – and a connection system that connects Goonyella to Abbot Point Expansion.