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Aurizon Holdings Provides Update on UT5 Customer Agreement

03 May 2019  |  11:15:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: UT5 Customer Agreement

Aurizon Holdings announced agreements have been signed with customers on a proposed revised Access Undertaking for the Central Queensland Coal Network (CQCN). The break-through agreements follow months of negotiation and will provide greater commercial and operational certainty for all users of the CQCN. Customers signed to the agreements represent more than 90% of railed tonnes in the CQCN and include Anglo American, BHP, Coronado, Glencore, Idemitsu, Jellinbah, Kestrel, Middlemount, Peabody, QCoal and Yancoal. Key points in the proposed revised Access Undertaking include; Extending the term of the Access Undertaking to ten years; and A Weighted Average Cost of Capital (WACC) of 5.9% increasing to 6.3% on completion of specified milestones, as compared to the WACC of 5.7% in UT5.

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