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Brockman Resources Limited (ASX:BCK) has joined with Aurizon Holdings Limited (ASX:AZJ) to develop and operate the infrastructure required by the group for two of its projects.
Brockman says it’s entered a three-year partnership with Aurizon, with the key objective being the development of a long-term rail haulage and port solution for transporting and exporting Brockman's iron ore.
Under the agreement, Aurizon will operate all rail, rolling stock and related infrastructure required by Brockman.
Brockman Australia’s chief executive officer Russell Tipper says the deal reinforces the group's focus on securing an economic and operationally feasible infrastructure haulage solution.
Brockman booked a net loss of $17.9 million in the first half of fiscal 2013.
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$3.23 |
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