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Aurizon Holdings Ltd (AZJ.AX)

AZJ.AX on Australia Stock Exchange

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24 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Aurizon says Aurizon Network lodges UT5 submission
Wednesday, 30 Nov 2016 01:27am EST 

Aurizon Holdings Ltd : unit submitted to queensland competition authority (qca) draft access undertaking for central queensland coal network for 1 july 2017 - 30 june 2021. .aurizon network proposes an overall maximum allowable revenue (mar) of $4.892 billion over four year regulatory period..  Full Article

Aurizon says Sept qtr coal volumes were 51.2 mt
Sunday, 16 Oct 2016 07:21pm EDT 

Aurizon Holdings Ltd : for coal september quarter 2016 volumes of 51.2mt represents a 3% (1.4mt) decrease . for iron ore september quarter 2016 volumes were lower than pcp at 5.4mt .Coal fy2017 tonnage guidance remains at 200‐212mt.  Full Article

ACCC releases statement of issues on Aurizon and Pacific National’s competing proposals to acquire GRail
Wednesday, 5 Oct 2016 06:09pm EDT 

Australian Competition and Consumer Commission : Releases statement of issues on aurizon and pacific national’s competing proposals to acquire grail . Currently assessing the proposals against the alternative scenario of a new player entering the market by acquiring GRail. .Invites responses to statement of issues by 21 October 2016.  Full Article

Aurizon announces MD & CEO succession
Thursday, 1 Sep 2016 06:25pm EDT 

Aurizon Holdings Ltd : Aurizon announces MD & CEO succession . Departure of managing director & chief executive officer Lance Hockridge and the appointment of Andrew Harding as his successor .  Full Article

Aurizon secures new contract with K&S Freighters
Thursday, 18 Aug 2016 12:05am EDT 

Aurizon Holdings Ltd : Aurizon secures new contract with k&s freighters . Secured new five year contract with k&s freighters worth approximately $20 - $25 million in revenue per annum. . Deal will see Aurizon transport approximately 20,000 twenty-foot equivalent units (teus) per annum across Australia . Partnership will see Aurizon provide an integrated and efficient national service offering to a leading freight forwarder" . Aurizon will lengthen rail services, increase double stacking on five services per week on east-west corridor to meet contract needs .  Full Article

Aurizon says FY revenue from continuing operations for Aurizon Network $1.18 bln
Sunday, 14 Aug 2016 06:57pm EDT 

Aurizon Holdings Ltd : FY revenue from continuing operations for Aurizon Network $1.18 bln vs $1.11 bln .Aurizon network pty ltd full year report.  Full Article

Wollongong Coal says awarded coal haulage contract
Sunday, 14 Aug 2016 06:27pm EDT 

Wollongong Coal Ltd : Coal haulage contract . Contract secures coal haulage services from colliery to port from August 2016 to August 2018 . Awarded coal haulage contract to Aurizon operations to haul 800,000 tonnes pa Rom coal from wongawilli colliery to port kembla coal terminal .  Full Article

Aurizon Holdings reports FY underlying NPAT $510 mln vs $604 mln
Sunday, 14 Aug 2016 06:26pm EDT 

Aurizon Holdings Ltd : Appendix 4E . FY underlying NPAT $510 million versus $604 million a year ago . FY revenue $3.46 billion versus $3.78 billion . FY 2017 guidance for revenue $3.35BN to $3.55BN . FY 2017 guidance for underlying EBIT $900M to $950M . Says final FY 2016 dividend of 13.3 cps .Continued delivery of transformation benefits expected to be more than $100M in FY 2017.  Full Article

Aurizon Holdings says further reductions in capex expected over next two years
Sunday, 14 Aug 2016 06:26pm EDT 

Aurizon Holdings Ltd : Aurizons FY 2016 financial results announcement . Based on current market conditions, Aurizon anticipates above rail haulage for FY 2017 to remain flat in the range of 255mt - 275mt . For FY 2017 sees coal in the range of 200 - 212mt . Company is on track to achieve the transformation target of $380 million over the three years from FY 2016 to FY 2018 . The 70% operating ratio target by FY 2018 remains . In the rail business FY 2017 EBIT is forecast to be flat . "Further reductions in capital expenditure are expected over the next two years of between $50 million and $150 million" . "The share buyback has been stopped to manage near term balance sheet capacity" .  Full Article

Aurizon Holdings June quarter coal production 53 million tonnes
Thursday, 21 Jul 2016 01:23am EDT 

Aurizon Holdings Ltd : "Decided to recognise a further impairment in respect of the aquila investment of $73 million (pre-tax)" . Says above-rail coal tonnages for FY 2016 of 206.8 million tonnes . Underlying EBIT for FY 2016 is expected to be, subject to audit, $871 million . June quarter coal production 53.0 million tonnes . June quarter iron ore production 5.2 million tonnes . Above-rail volumes stable in Q4, reflects high contract rate utilisation rate of 96% for coal & in excess of 100% for iron ore . Proposes reduction of about 120 leadership positions in operations, representing approximately 20% of management roles .  Full Article

More From Around the Web

UPDATE 1-Australian rail haulage company Aurizon sees $240 mln earnings hit

SYDNEY, Jan 31 Australian rail freight company Aurizon Holdings Ltd said on Tuesday that it would take about A$321 million ($242 million) of one-off charges, including impairments and significant items, when it reports half-yearly earnings.