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COVID-19 and China restrictions hit Aurizon's coal business

AURIZON'S above-rail coal tonnages were down 6% in FY2021, primarily as a result of lower end-market demand driven by COVID-19 related disruptions and China import restrictions.

Lou Caruana
Aurizon expects coal volume growth of around 5% in FY2022, as markets recover.

Aurizon expects coal volume growth of around 5% in FY2022, as markets recover.

This led to a 13% decrease in coal earnings to $533 million from the previous corresponding period. An 8% decrease in volumes across the Central Queensland Coal Network resulted in a net under recovery...

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