Aurizon confirms it’s in talks to buy coal terminal

Aurizon confirms it’s in talks to buy coal terminal
Rail freight operator Aurizon is now in preliminary talks to buy the Wiggins Island Coal Export Terminal (WICET), as part of a consortium.

Aurizon said other consortium members would acquire one or more of WICET’s source mines, securing long term volumes for the terminal.

Discussions are still at an early stage.

The company said restructuring and the proposed introduction of lower, market-competitive port charges would provide an incentive for miners to increase throughput at the port.

“This could also incentivise expansion tonnages from existing mines and new mines,” Aurizon said in its statement to the ASX.

“If successful, the consortium’s proposal would provide a long-term, sustainable and economic solution for this important state and national infrastructure asset.”

Aurizon operates rail infrastructure and train haulage services for coal customers in Queensland’s Bowen Basin.

 



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