Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  AUSTRALIAN SECURITIES EXCHANGE LIMITED  >  Aurizon Holdings Ltd    QRN   AU000000QRN6

No quotes available
-- AUD   0.00%
09/07 DEUTSCHE BANK : appointed as depositary bank for the sponsored Level..
09/03 AURIZON : Andrew Harding faces early $1bn-plus test in new role at A..
09/02 AURIZON : appoints new CEO Andrew Harding
News SummaryMost relevantAll newsSector news 

New QR National Railway Could Open Australia's Pilbara

share with twitter share with LinkedIn share with facebook
share via e-mail
04/26/2012 | 02:37am CEST

-- QR National evaluating independent, multi-user railway

-- Atlas Iron expects study completed this year, first haulage by 2015

-- Pilbara region is dominated by privately owned rail lines to ports

(Adds details on proposed railway in the fourth-10th paragraphs)

   By Robb M. Stewart 

Freight rail operator QR National Ltd. (>> QR National) is considering a new railway in west Australia that could dramatically change the face of the remote iron ore-rich Pilbara, connecting smaller mining companies with export markets through a major port.

The company has signed a binding pact with mining company Atlas Iron Ltd. (>> Atlas Iron Limited) to conduct a feasibility study for a railway open to multiple users, running from iron ore deposits in the east and southeast Pilbara to Port Hedland, QR National said Thursday.

Access to the port would be a significant boost for junior companies, potentially opening the Pilbara and bypassing the tightly controlled rail lines of mining giants Rio Tinto PLC (RIO) and BHP Billiton Ltd. (BHP), which have fought off attempts to access their rail lines. The Pilbara already accounts for roughly two-thirds of global shipments of the steelmaking commodity by sea, much of it destined for China.

Ken Lewsey, vice president of strategy and business development at QR National, said the Pilbara offers one of the company's best growth opportunities. The company currently operates rail lines from coal mines across eastern Queensland state.

"The value of an independent railway is that we can achieve the economies of scale by aggregating the tonnages of multiple parties, as well as delivering efficiency gains across a coordinated supply chain," Lewsey said.

QR National and Atlas Iron have been informally working on plans for a railway since last year. The rail company said it is expected that Atlas would be a cornerstone user of a new railway that would serve its deposits and those of other mining companies in a staged development.

"The work done to date demonstrates this proposal has merit. It is now time to put it through the commercial and operational rigours of a joint study," Lewsey said.

Under the terms of the agreement, the two companies will share costs and resources for a study to be completed by the end of the year.

Atlas separately said rail is a key part of its plans to expand production capacity to as much as 46 million tons a year, and the new railway could begin haulage by 2015. It shipped 2.85 million tons in six months through December.

"The potential development of an independent Pilbara rail network could represent a paradigm shift for the progressive development of the Pilbara, breaking open long-standing barriers to new entrants to the iron ore industry," Atlas Managing Director Ken Brinsden said.

-By Robb M. Stewart, Dow Jones Newswires; +61 3 9292 2094; robb.stewart@dowjones.com

Stocks mentioned in the article : QR National, Atlas Iron Limited
share with twitter share with LinkedIn share with facebook
share via e-mail
09/15 DEUTSCHE BANK : appointed as depositary bank for the sponsored Level I American ..
09/07 DEUTSCHE BANK : appointed as depositary bank for the sponsored Level I American ..
09/03 AURIZON : Andrew Harding faces early $1bn-plus test in new role at Aurizon
09/02 AURIZON : appoints new CEO Andrew Harding
09/01DJAURIZON : Names Former Rio Tinto Executive Andrew Harding as CEO
08/29 AURIZON HOLDINGS LTD : ex-dividend day for final dividend
08/14DJAURIZON : Annual Profit Slumps, Intends to Stop Share Buyback
08/10AURIZON HOLDINGS LTD : annual earnings release
08/09 GENERAL ELECTRIC : GE Transportation completes implementation within Aurizon's n..
08/02 AURIZON : Qube gains 100% ownership of Moorebank project
More news
Sector news : Ground Freight & Logistics - NEC
09/13DJTIFFANY : Names Mark Erceg CFO
09/10 One Hanjin ship cleared to dock at U.S. port, others remain in limbo
09/10 One Hanjin ship cleared to dock at U.S. port, others remain in limbo
09/07DJCSX : Moderates Outlook for 2016 Coal Volume Declines
09/07 Ackman buys into Chipotle, expects to talk with management
More sector news : Ground Freight & Logistics - NEC
Financials ( AUD)
Sales 2017 3 480 M
EBIT 2017 925 M
Net income 2017 485 M
Debt 2017 3 363 M
Yield 2017 5,64%
P/E ratio 2017 18,15
P/E ratio 2018 16,72
EV / Sales 2017 3,64x
EV / Sales 2018 3,66x
Capitalization 9 315 M
More Financials
Income Statement Evolution
More Financials
Mean consensus HOLD
Number of Analysts 14
Average target price 4,69  AUD
Spread / Average Target 3,4%
Consensus details
EPS Revisions
More Estimates Revisions
Lance E. Hockridge Chief Executive Officer, Executive Director & MD
Timothy Michael Poole Chairman
Michael G. Carter Executive Vice President-Operations
Keith Neate Chief Financial Officer & Executive Vice President
Russell Ronald Caplan Independent Non-Executive Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
More Results