Aurizon could stop movement of 20Mt of coal: QRC

COAL companies are being advised by Aurizon this week that it will dramatically cut train movements on the Goonyella system of the Central Queensland Coal Network, which connects many of Queensland’s largest metallurgical coal suppliers to the port of Hay Point.

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Aurizon could stop movement of 20Mt of coal: QRC Aurizon could stop movement of 20Mt of coal: QRC Aurizon could stop movement of 20Mt of coal: QRC Aurizon could stop movement of 20Mt of coal: QRC Aurizon could stop movement of 20Mt of coal: QRC

Aurizon's decision will reduce the amount of coal going to the port.

Based on these developments, the Queensland Resources Council believes it is clear Aurizon is determined to stop the movement of 20 million tonnes of coal.
 
"What does that mean for Queensland?  It is nothing short of economic vandalism.  It will cut $4 billion from Queensland exports and $500 million in annual royalties paid by the industry to the Queensland government," QRC CEO Ian Macfarlane said.
 
"Over the forward estimates [over the next four financial years], the reduction in royalties paid to the Queensland Government could be as much as $2 billion."
 
In February, Aurizon announced it would change its maintenance program and conceded that would impact on the movement of up to...