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

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QR National : and Vale collaborate on Galilee and Bowen Basin rail solutions

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05/17/2012 | 04:03am CEST

QR National today announced it has signed a Memorandum of Understanding (MOU) with global miner Vale to evaluate and scope integrated rail proposals for rail infrastructure and coal haulage services from new mines proposed by Vale in the Galilee and Bowen Basins.

Preliminary commercial discussions will be progressed under the MOU on the identification of opportunities to optimise the design, configuration and operations of the coal supply chain.

The mine and rail development timelines are aligned to match the creation of terminal capacity currently being developed at Central Queensland ports.

QR National currently hauls coal from Vale's Carborough Downs mine near Moranbah to Dalrymple Bay Coal Terminal.

Executive Vice President for Strategy and Business Development Ken Lewsey said by leveraging the expandability of the existing rail network, Vale and QR National could efficiently match rail capacity upgrades with planned mine production ramp-ups.

"Expansions of the existing coal chain offers producers efficient and low cost rail solutions to support the development of new resources in a competitive global coal market," he said.

"Substantial use of existing rail corridors also minimises the impact on communities and the environment, while leveraging QR National's established capability in integrated heavy-haul infrastructure and coal haulage services in Queensland.

"We are committed to growth in Queensland and we see our collaboration with Vale as an exciting growth opportunity for both companies in the Galilee and Bowen Basins."

QR National is currently progressing environmental and engineering studies for the Central

Queensland Integrated Rail Project (CQIRP) which provides for an integrated rail network running from the Galilee Basin in the west to Central Queensland ports in the east.

In January 2012, CQIRP was declared a Project of State Significance by the Queensland Government.

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Financials ( AUD)
Sales 2016 3 535 M
EBIT 2016 870 M
Net income 2016 213 M
Debt 2016 3 237 M
Yield 2016 4,68%
P/E ratio 2016 44,97
P/E ratio 2017 18,55
EV / Sales 2016 3,93x
EV / Sales 2017 3,88x
Capitalization 10 669 M
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Consensus 
Mean consensus HOLD
Number of Analysts 14
Average target price 4,56  AUD
Spread / Average Target -12%
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Managers
NameTitle
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
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