Asciano open to contract talks: report

Group open to contract discussions with miners on reports mines being run at a loss.

Asciano (AIO) chief executive John Mullen has expressed a willingness to engage in discussions with coal miners over their rail contracts amid reports some of the the world's biggest resources companies are running their Australian mines at a loss because the fixed costs of rail contracts mean leaving the mine operational is more cost-effective than closing it, The Australian Financial Review reports.

According to the newspaper, Mr Mullen said the group had  held  "positive and fruitful discussions with a number of important customers" about take-or-pay contracts with miners.

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