AUSTRALIAN rail freight operator Aurizon has confirmed that it will withdraw its application to the federally-managed Northern Australia Infrastructure Facility (NAIF) for funding to assist with a rail solution associated with development of the Galilee Basin coal mining region in North Queensland.
AUSTRALIAN railfreight operator Aurizon has announced up to $A 240m ($US 174.5m) in anticipated write-downs for its half year results which are due in February 2016, and says it will cease all development work on its West Pilbara Iron Ore Project (WPIP) joint venture.
Australia's largest railfreight operator Aurizon has sought to grow its business primarily through its heavy-haul capabilities. However, recent turmoil in global iron-ore and coal markets is creating some turbulence for the operator's aspirations, writes Mark Carter.
Several companies are benefiting from what is being dubbed a railway renaissance in Africa as new opportunities emerge in markets across the continent buoyed by a rush for mineral wealth. But things are far from simple, as Paul Ash explains.
Sweden's LKAB opened its newest and deepest excavation level at its iron-ore mine in Kiruna in May, which is using an automated railway to move extracted iron-ore. Kevin Smith travelled 145km into the Arctic Circle and 1365m below the surface to visit the mine.