Freight giant Aurizon expects to take a hit to its profit this year as it moves fewer shipments of coal in Queensland and chases significant debts from customers.
Ares Management, the high-profile alternative assets investor overseeing almost $900 billion, is among suitors appraising Aurizon’s $8 billion Queensland railway track network.
The Albanese and Malinauskas governments have announced $2.4 billion in rescue funding to save the Whyalla Steelworks after the facility was forced into administration.
