Dry CargoPorts and Logistics
Australia’s top rail freight operator in for Queensland coal terminal
Aurizon Holdings, Australia’s largest rail freight operator, is close to sealing a deal to acquire Wiggins Island Coal Export Terminal.
Buying the Queensland terminal would be a potential positive for Aurizon in allowing the company to diversify its rail haulage business given the terminal’s “strategic fit, potential growth profile and quality of infrastructure asset,” RBC Capital Markets analyst Paul Johnston said Monday in a note.
The terminal is currently owned by a group of coal producers including Glencore.