QRN 0.00% $3.57 qr national limited

News: QR National approves Goonyella expansion

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    QR National (ASX:QRN) has approved a $185 million expansion of the Goonyella coal rail network.



    The company says it will support a major expansion of the Hay Point Coal Terminal near Mackay.



    The Goonyella system expansion will provide an additional 11 million tonnes per annum, which will be 140 million tonnes in total.



    The expansion supports the BHP Billiton Mitsubishi Alliance project. The Goonyella system is already the largest single export coal network in Australia. The rail expansion project will be completed by early 2014.


 
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