Aurizon slams state competition watchdog for ignoring real world

Original article by Jenny Wiggins
The Australian Financial Review – Page: 16 : 14-Mar-18

Rail freight operator Aurizon Holdings has formally responded to the Queensland Competition Authority’s draft ruling on its coal rail network in the state. Aurizon estimates that the draft ruling, which was issued in December, could potentially reduce its coal haulage volumes by up to 20 million tonnes a year, and it has argued that the draft ruling has weighed upon its share price.

CORPORATES
AURIZON HOLDINGS LIMITED – ASX AZJ, QUEENSLAND. COMPETITION AUTHORITY, PACIFIC NATIONAL PTY LTD, RBC CAPITAL MARKETS, BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, BM ALLIANCE COAL OPERATIONS PTY LTD, WESFARMERS LIMITED – ASX WES, HERBERT SMITH FREEHILLS PTY LTD, QUEENSLAND RESOURCES COUNCIL LIMITED

Aurizon warns over competition limits

Original article by Sarah-Jane Tasker
The Australian – Page: 23 : 1-Oct-14

The Queensland Competition Authority has ruled that freight rail services operator Aurizon may gain no more than $A4.02bn in annual revenue from its coal haulage assets, compared with the $A4.86bn determination sought by the company. In response to the draft decision, Aurizon has warned of declining maintenance standards for the infrastructure if capital investment has to be curtailed. The final outcome will be known by May 2015

CORPORATES
AURIZON HOLDINGS LIMITED – ASX AZJ, QUEENSLAND. COMPETITION AUTHORITY