Macarthur Minerals is selling the rights to mine and develop its Lake Giles Ularring iron ore play in WA in a deal that could yield tens of millions of dollars.
National Intermodal,the federal government’s developer of critical logistics infrastructure,has acquired a 1100-hectare site at Beveridge,where it plans to build Australia’s largest logistics and shipping container freight hub.
Aurizon says high coal prices are helping buoy the market for the billion-dollar coal haulage business it must divest as a condition of its $2.4 billion acquisition of One Rail.
Rail freight operator Aurizon has beaten market expectations to deliver a full year underlying profit of $531 million and announced a new $300 million buyback.
The competition regulator is going to the high court to scuttle the $205 million sale of Aurizon's Acacia Ridge terminal to rail freight business Pacific National..
Aurizon,the country's largest rail freight operator,will reward shareholders with a $100 million boost to a share buyback.
Aurizon's chairman has played down the risk of investors ditching it over its ties to the controversial Adani mine.
Legal bid to block a Macquarie Group fund and its pension fund partner from buying regional rail network.
Rail freight operator Aurizon will undertake a share buyback of up to $300 million to reward investors,despite a 13 per cent slide in its statutory net profit
It is the first concession the billionaire businessman has made during his $200 million fight against liquidators over the collapse of the Townsville refinery in 2016.
A recent court victory is tipped to generate a healthy revenue boost for rail freight operator Aurizon,including a one-off"catch-up"payment of about $60 million.