MANAGEMENT

Aurizon coal business shrugs off COVID-19 impact

SOLID tonnages in Aurizon’s coal and network businesses and no significant volume impact from COVID-19 in FY2020 helped the company report 10% higher underlying annual earnings of $909 million. However, it warns tougher times may be coming.

 Aurizon's coal business delivered 214Mt of coal for customers during FY2020, which is broadly in line with FY2019.

Aurizon's coal business delivered 214Mt of coal for customers during FY2020, which is broadly in line with FY2019.

Aurizon managing director Andrew Harding said despite the emergence of COVID-19 in the second half of FY2020, the company delivered a solid operational and financial performance with no material impact...

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