ASX Announcements
November
Gupta owes $684,000 to suppliers in Sydney’s industrial heartland
An Australian business owned by one of India’s richest families is among those chasing payments, while Aurizon extends ban of iron ore transport at Whyalla.
- Simon Evans
October
Aurizon suspends Sanjeev Gupta’s iron ore rail service
Unpaid bills have forced the freight transportation provider to temporarily cut off the embattled Whyalla steelworks owner.
- Simon Evans
Aurizon investors impatient for Top End contracts
Aurizon is in “regular” talks with potential customers for its ambitious land bridge scheme, but scepticism abounds over whether it can pull the bold plan off.
- Jenny Wiggins
September
Pacific National takes hefty write-down on NSW coal business
The rail freight group has written off $424 million and blamed lower container freight volumes, bad weather and smaller harvests for deepening the annual loss of its parent.
- Jenny Wiggins
August
- Results Wrap
- Chanticleer
Chanticleer’s hits and misses from day one of earnings season
Retailer JB Hi-Fi was the standout result on day one of earnings season. Here are the key things our Chanticleer columnists noticed today.
- James Thomson and Anthony Macdonald
Aurizon tumbles on weak earnings outlook
The rail group’s shares slid despite a $150 million buyback and 25 per cent rise in net profit as investors took a dim view of its 2024-25 prospects.
- Jenny Wiggins
July
Whitehaven Coal says inflation is ‘rife’
The coal miner says the cost of parts and services continues to rise despite higher unemployment, as a rail “glitch” soured its $6.4b move into Queensland coal.
- Peter Ker
Aurizon acquisition could push up cargo prices: ACCC
The company’s attempts to move into stevedoring in South Australia as it expand its bulk freight business could be used to “frustrate” rivals, the regulator said.
- Jenny Wiggins
- Logistics Winner
- Sustainability Leaders
Transport needs to avoid becoming the nation’s biggest emitter
Without dramatic changes, this may be the last industry to decarbonise. Aurizon, the winner of the Logistics and Transport category, aims to change that with its electric locomotive.
- Agnes King
June
Russian mining membership dogs global coal lobby
Now known as FutureCoal, the organisation says it is “agnostic” after appointing a Russian director. Its members include Yancoal, Whitehaven and Incitec Pivot.
- Peter Ker
May
- Exclusive
- Luxury property
Retiring Reece chair lists $12m family mansion in South Yarra
Melbourne-based Reece chair Tim Poole and his wife Jane have listed their South Yarra home, Atherley, after 24 years owning the Italianate mansion.
- Bonnie Campbell
February
Aurizon wants to repay investors after 82pc profit jump
Chief executive Andrew Harding says “the business has performed very well”.
- Jenny Wiggins
December 2023
BHP executive the new boss at Incitec Pivot
Mauro Neves de Moraes ran coal and copper operations for the mining giant in Queensland and Chile. He was given the top job over an internal candidate.
- Updated
- Simon Evans
October 2023
Pacific National takes $59m annual loss, discloses tax office audit
The rail freight group, chaired by Catherine Livingstone since March, has blamed floods and industrial action for the loss as annual earnings slid 11 per cent.
- Jenny Wiggins
September 2023
Why the CEO of this $7b business wants execs to speak up in meetings
People who sit in meetings and disagree with everyone else, but leave without speaking up, are failing to act with integrity, says Aurizon CEO Andrew Harding.
- Jenny Wiggins
Chinese steel giant wants out of Queensland after $300m settlement
China’s Baowu will try to sell its remaining Queensland coal assets after closing a disastrous contract that forced it to pay for unused port capacity
- Peter Ker
August 2023
- Opinion
- Chanticleer
What we learnt from Monday’s earnings
Our columnists James Thomson and Anthony Macdonald take a deep dive into key profit results: JB Hi-Fi, GPT Group, Bendigo & Adelaide Bank, Aurizon, and Lendlease.
- Updated
- James Thomson and Anthony Macdonald
Aurizon looks forward to 2024 after annual profits slide 46pc
Aurizon’s bulk haulage income from its $2.35 billion One Rail Australia acquisition has fallen short of targets, contributing to a 46 per cent drop in annual net profit.
- Jenny Wiggins
Big Super is putting together a plan to get into (big) freight
A $400 million freight hub on the outskirts of Melbourne aims to steal market share as retirement funds capitalise on government spending on rail networks.
- Jenny Wiggins
July 2023
Can Aurizon revive a 40-year-old rail line in central Australia?
The group has a grand vision of moving freight from Darwin to Melbourne on trains instead of ships. Importers don’t know if the plan will make financial sense.
- Jenny Wiggins