METS

Aurizon slows but still on track

Australia’s major coal rail-haulage services provider Aurizon Holdings has tightened its guidance on 2016 fiscal-year (to June 30) volumes but not downgraded them in the face of anticipated sector production cuts and mining-company failures.

Slowdown ... Australian coal hauler Aurizon facing uncertainty about contract pricing and volumes

Slowdown ... Australian coal hauler Aurizon facing uncertainty about contract pricing and volumes

The ASX-listed group, capitalised at about A$7.96 billion (US$5.7 billion) this week, saw its share price dive by 25% this year, before a recent recovery, on investor concerns about weakening global coal...

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