R/€ = 15.73 Change: -0.10
R/$ = 13.84 Change: -0.12
Au 1281.42 $/oz Change: -12.44
Pt 794.99 $/oz Change: -8.87


Royalties to contribute A$20bn to Qld Budget in next five years

By: Esmarie Iannucci     15th June 2018 The resources sector’s contribution to the Queensland state Budget is expected to soar to more than A$20-billion between now and July 2023. Total mineral royalties reached A$4.32-billion in the 2018 financial year. 

Palaszczuk to reassure Japan about coal exports amid Aurizon curbs

By: Esmarie Iannucci     29th May 2018 Queensland Premier Annastacia Palaszczuk has moved to allay the fears of Japanese coal buyers, ahead of a diplomatic visit to the region, as a fight between freight operator Aurizon, the state’s competition body and coal miners continued. Aurizon has previously warned that it would cut some... 

Soaring coal royalties give Qld infrastructure spending a boost

By: Esmarie Iannucci     22nd May 2018 Queensland coal royalties would soar to a record A$3.7-billion in the 2018 financial year, the Queensland Resources Council (QRC) predicted on Tuesday. QRC CEO Ian Macfarlane said the A$536-million increase on the government’s previous royalty estimates would allow the state government to... 

Aurizon warns miners of train cuts

By: Esmarie Iannucci     16th May 2018 Freight operator Aurizon has reportedly advised Queensland coal companies that it would ‘dramatically cut’ train movements on the Goonyella system of the Central Queensland Coal Network (CQCN). The Goonyella system connects several of Queensland’s largest metallurgical coal suppliers to the port... 

Queensland resource exports grow to A$1bn a week

By: Esmarie Iannucci     7th May 2018 The resources sector has continued to support Queensland’s export growth, with the resources sector contributing some 78% of the state’s goods export. The value of Queensland exports increased by A$8.3-billion to $70.1-billion over the year to March, with coal exports contributing the largest... 

Aurizon puts new wagons on NSW coal lines

By: Esmarie Iannucci     6th April 2018 Freight hauler Aurizon has reiterated its commitment to the Hunter Valley coal industry, announcing the arrival of a batch of newly-built coal wagons at the Port of Newcastle. Aurizon GM for New South Wales coal operations, Catherin Baxter, said on Friday that the 32 wagons in the consignment... 

‘Cyclone Aurizon’ to have double the impact of last year’s Debbie – QRC

By: Esmarie Iannucci     28th March 2018 The Queensland Resources Council (QRC) on Wednesday warned that freight operator Aurizon’s plans to introduce a revised maintenance plan could reduce coal exports by A$4-billion, and could cut coal royalties by A$500-million a year. Aurizon earlier this month issued an update on the capacity... 

QRC, Aurizon at loggerheads over coal line maintenance

By: Megan van Wyngaardt     12th February 2018 The Queensland Resources Council (QRC) on Monday said it was "extremely disappointed" by Aurizon's move to pre-empt the state's regulatory process by moving to change its maintenance programme before the Queensland Competition Authority (QCA) process was completed. Aurizon has announced that it... 

Blow for Galilee basin coal projects as Aurizon withdraws NAIF application for rail line

By: Mariaan Webb     9th February 2018 Australia’s largest rail freight company Aurizon has withdrawn its application for funding from the Northern Australia Infrastructure Facility (NAIF) to assist with a multi-user, open access rail solution for the development of the coal-rich Galilee basin. Aurizon CEO Andrew Harding said on... 

Aurizon confirms talks to buy Wicet coal terminal

By: Esmarie Iannucci     13th November 2017 Australian freight rail operator Aurizon on Monday confirmed that it was in preliminary discussions to acquire the Wiggins Island coal export terminal (Wicet), in Queensland. Wicet is currently owned by a consortium of Australian and international resource companies, including Glencore and New... 

Qld releases land for exploration bids in coal-rich Bowen basin

By: Esmarie Iannucci     28th April 2017 The Queensland government has opened more than 270 km2 of land for bids from coal explorers. State Development and Natural Resources and Mines Minister Dr Anthony Lynham on Friday announced tenders for four blocks in the Bowen basin, the first release of Queensland coal country in four years. 

Aurizon rails back at work

By: Esmarie Iannucci     18th April 2017 Three out of the four coal systems operated by freight hauler Aurizon, which make up the Central Queensland coal network (CQCN), have been reopened following floods associated with Cyclone Debbie, with trains operating under restricted conditions with some reduced capacity. Aurizon on Tuesday... 

Up to 13Mt of Qld coking coal exports to be delayed

By: Esmarie Iannucci     10th April 2017 Between 12-million and 13-million tonnes of coking coal exports will likely be delayed from Queensland, following ex-Tropical Cyclone Debbie. Resources and Northern Australia Minister Matt Canavan has said a further two-million to three-million tonnes of thermal coal exports may also be delayed,... 

Peabody Energy emerges from bankruptcy protection

By: Henry Lazenby     4th April 2017 The world’s largest private sector coal producer Peabody Energy has emerged from US Chapter 11 bankruptcy protection, the company said on Monday. The merging entity has a new capital structure, including new equity that will start trading on the NYSE on Tuesday morning under the ticker ‘BTU’. 

Floods hamper restart of Qld coal exports

By: Esmarie Iannucci     3rd April 2017 The resumption of coal exports from Queensland could be delayed by several weeks, as the state recovers from the damage caused by cyclone Debbie, which hit last week. The Goonyella system, which connects the Darymple Bay coal terminal and the Hay Point coal terminal, has been closed since March... 

Wollongong Coal awards coal haulage contract

By: Megan van Wyngaardt     15th August 2016 ASX-listed Wollongong Coal has awarded a 800 000 t/y run-of-mine coal haulage contract to rail freight company Aurizon. Aurizon will transport coal from Wollongong’s Wongawilli colliery, in New South Wales, to the Port Kembla coal terminal on the east coast of the state. The contract will run... 

Aurizon and BHP extend freight contract

By: Esmarie Iannucci     14th March 2016 Freight operator Aurizon has extended its contract with mining major BHP Billiton to haul coal from the Mt Arthur coal mine, in New South Wales. The contract allowed for a potential increase in coal haulage volumes from the current 18-million tonnes a year to a maximum of 26-million tonnes a... 

West Pilbara capex estimate cut by A$1.5bn

By: Esmarie Iannucci     17th August 2015 The joint venture (JV) partners over the West Pilbara iron-ore project had identified a A$1.5-billion, or 25%, reduction in preliminary capital costs required for the development of the project. A 2012 study estimated that the Stage 1 operation would require a capital investment of A$5.7-billion. 

WA acquires land for new deep-water port to service West Pilbara

By: Esmarie Iannucci     28th May 2015 The Western Australian government has started the formal acquisition process of land necessary for the proposed Anketell deep-water port project, about 30 km east of Karratha. Premier and State Development Minister Colin Barnett said the acquisition was vital to the development of the port,... 

West Pilbara proponents mindful of iron-ore market

By: Esmarie Iannucci     11th May 2015 Freight operator Aurizon and the mine participants for the West Pilbara iron-ore project are keeping an eye on the iron-ore price, before taking a development decision on the project. Aurizon reported on Monday that the company would provide the project participants, which include Korean major... 

Alpha project a step closer to development – GVK

By: Esmarie Iannucci     9th October 2014 Coal developer GVK Hancock Coal has been granted an environmental authority for its proposed A$10-billion Alpha coal project, in central Queensland, bringing the project one step closer to construction. “This is one of the most significant milestones in the development of our Galilee basin coal... 

Posco and AMCI sign up for West Pilbara infrastructure project

By: Esmarie Iannucci     11th September 2014 Korean major Posco and American Metals & Coal International (AMCI) have signed on for the infrastructure project to develop the West Pilbara iron-ore project. Following the takeover of diversified junior Aquila, China’s Baosteel and freight services provider Aurizon have been in negotiations... 

Aquila jumps Native Title hurdle at West Pilbara

By: Esmarie Iannucci     11th June 2014 Takeover target Aquila Resources has secured a Native Title agreement with the Kuruma Marthudunera native title claim group over its West Pilbara iron-ore project, in Western Australia. The Native Title agreement was a necessary step for Aquila towards the grant of a mining lease for Stage 1 of... 

FIRB approves Baosteel, Aurizon bid for Aquila

By: Esmarie Iannucci     29th May 2014 The Foreign Investment Review Board (FIRB) has approved Chinese steel giant Baosteel and freight operator Aurizon’s A$1.4-billion bid for ASX-listed Aquila Resources. FIRB approval was one of the conditions of the A$3.40-a-share offer for all Aquila shares on issue. The offer still remained... 

Baosteel and Aurizon bid $A1.4bn for Aquila

By: Esmarie Iannucci     5th May 2014 Chinese steel giant Baosteel and Australian freight operator Aurizon have made a A$1.42-billion play for ASX-listed Aquila Resources. Boasteel Resources chairperson Zhihao Dai said on Monday that the A$3.40-a-share offer provided Aquila shareholders an opportunity to realise certain value for... 

Aurizon, GVK and Hancock Prospecting unveil Galilee basin rail solution

By: Esmarie Iannucci     25th November 2013 Australian rail group Aurizon, India’s GVK Group and Gina Rinehart’s Hancock Prospecting, have unveiled a proposed rail solution to unlock coal reserves in the Galilee basin. This follows the nonbinding term sheet that the parties signed in March this year, to jointly progress the development of... 

Anglo American makes Abbot Point shortlist

By: Esmarie Iannucci     10th April 2013 The Queensland government has short-listed mining giant Anglo American and an alliance between freight operator Aurizon and Lend Lease, as two potential developers of the Abbot Point coal loading expansion. Deputy Premier and Minister for State Development, Infrastructure and Planning Jeff... 

Qld govt sells portion of Aurizon shares for A$806m

By: Esmarie Iannucci     18th March 2013 The Queensland government would sell-down some 200-million shares in freight operator Aurizon, to raise A$806-million in cash. Treasurer Tim Nicholls said on Monday the deal was a great outcome for Queenslanders, as the price the government achieved for the sale would see more funds available to... 

Aurizon extends Xstrata Coal contract

By: Esmarie Iannucci     14th March 2013 Freight transporter Aurizon has signed a long-term, performance-based coal haulage contract with Xstrata Coal to support the expansion of its Rolleston mine, in Queensland. Xstrata was currently working to expand the Rolleston output from 9.4-million tons a year to 14.6-million tons a year,... 

Qld coal industry storm recovery to take weeks – QRC

By: Esmarie Iannucci     29th January 2013 The Queensland Resources Council (QRC) on Tuesday warned that the state’s export coal industry could take several weeks to resume full production following ex-tropical cyclone Oswald. “We are receiving reports of significant damage to the Blackwater and Moura rail systems that carry coal from... 

Aurizon signs option agreement over Tres-Or’s Fontana project

By: Henry Lazenby     20th June 2012 Canada-based Aurizon on Tuesday said it was expanding its potential gold horizon by signing an option over TSX-V-listed Tres-Or Resources’ Fontana gold project, in Quebec. Under the agreement, TSX- and NYSE-listed Aurizon could earn 50% in the optioned properties by spending $10-million on... 

Gold miner Aurizon lifts Q1 profit 238%

By: Matthew Hill     10th May 2012 Quebec-focused gold producer Aurizon managed to lift first-quarter profit three-and-a-half times higher than the figure for last year to $22.3-million, as it maintained output levels and enjoyed higher bullion prices. The Toronto- and New York-quoted firm produced 33 488 oz of gold during the... 


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