In the wake of Queensland’s flood crisisAurizon Holdings Limited
(ASX:AZJ) expects to reopen one of its coal rail routes in the ravaged state by week’s end.
The rail freight operator will resume operations on its Blackwater coal route, Queensland’s largest coal tonnage carrier, following two kilometres of track being submerged.
However the reopening of the company’s Moura line will be delayed until the end of the month after the full replacement of 3 kilometres of track.
Coal transported by both train routes is sent for export from the Port of Gladstone as well as to power Rio Tinto Limited’s
(ASX:RIO) Alcan owned and Queensland Alumina refineries, Cement Australia and two power stations.
Aurizon generated a net profit of $440.9 million in the 2012 financial year.
