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.
Phosphate was supposed to be the outback’s next big economic opportunity, but one mining company says the cost of rail freight has brought its project to the end of the line.
