Big three coal carriers bid for Glencore's Grail
First round bids are in for Glencore's $1 billion Hunter Valley coal train network, according to the Australian Financial Review.
It's understood the big three strategic players - Aurizon, Asciano's Pacific National and US-listed Genesee & Wyoming - each lobbed separate bids into the RBC Capital Markets-run auction on Monday, along with a bunch of infrastructure players including Morgan Stanley Infrastructure and Macquarie's MIRA.
Domestic private equity firm Pacific Equity Partners did not lob an offer, sources said.
Roy Hill ramp-up sees Australia's iron miners ship record volumes during June
Gina Rinehart's Roy Hill Holdings says its namesake iron ore project remains on target to hit full production by the end of the year, after loading 12 shipments in the month of June, according to the Australian Financial Review.
The first shipment of iron ore from the $10 billion Pilbara project departed Port Hedland on December 10, 2015. After a slow start, the project's ramp-up appears to be on track to reach a 55 million-tonne-a-year output target after a significant increase in shipments over the past few months.
Receivers of Callide C stake aim to fix coal then sell
The receivers of a US-Chinese company that owns half of the Queensland government's Callide C power plant will try to resolve a coal supply dispute with Anglo American before hawking the stake to potential buyers, according to the Australian Financial Review.
Peter Gothard, a partner of Ferrier Hodgson, said he would try to resolve the long-running dispute – which US part-owner Intergen blames for Callide C's poor performance – before selling the half-share.