IRON ORE – TRANSPORTATION – WESTERN AUSTRALIA

BHP train wreck hits contracts

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Original article by Brad Thompson
The Australian Financial Review – Page: 17 & 22 : 8-Nov-18

BHP Billiton hopes to partially resume rail operations in the Pilbara in the next week, after it was forced to deliberately derail a train that was carrying iron ore to Port Hedland. BHP is using its iron ore stockpiles at Portland to meet its contractual obligations, but the resources giant has conceded that they will be exhausted before rail shipments resume. Glyn Lawcock of UBS says the benchmark price of iron ore could rally, depending on the length of BHP’s supply disruption.

CORPORATES
BHP BILLITON LIMITED – ASX BHP, UBS HOLDINGS PTY LTD, AUSTRALIAN TRANSPORT SAFETY BUREAU, AUSTRALIA. OFFICE OF THE NATIONAL RAIL SAFETY REGULATOR

BHP derails 268-car Pilbara iron ore train which travelled 92km without driver

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Original article by Peter Milne
The West Australian – Page: Online : 6-Nov-18

The Australian Transport Safety Bureau will investigate an incident on 5 November in which BHP Billiton lost control of a train carrying iron ore from Newman to Port Hedland. The train travelled for 92km without anyone on board after the driver alighted to inspect a wagon. BHP was forced to deliberately derail the train about 120 km from Port Hedland. The company has suspended all of its train operations in the Pilbara pending the outcome of the investigation.

CORPORATES
BHP BILLITON LIMITED – ASX BHP, AUSTRALIAN TRANSPORT SAFETY BUREAU

Qube benefits from Brockman’s maverick move on Pilbara

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Original article by Jenny Wiggins
The Australian Financial Review – Page: 17 : 30-Mar-16

Australian-listed iron ore group Brockman Mining still aims to gain access to the rail network of Fortescue Metals Group in the Pilbara region of Western Australia. Brockman has secured an agreement for logistics group Qube Holdings to transport iron ore from its Maverick project by road to Port Hedland, but large-scale production will require transport via rail. Brockman estimates that the project’s operating costs will be around $US35 per tonne.

CORPORATES
BROCKMAN MINING LIMITED – ASX BCK, QUBE HOLDINGS LIMITED – ASX QUB, FORTESCUE METALS GROUP LIMITED – ASX FMG, COURT OF APPEAL (WESTERN AUSTRALIA)