| AZJ | As the intermodal business of Aurizon now holds about 8% of the market and has failed to produce solid financial returns since establishment in 2007, analysts at Merrill Lynch expect the division will be closed following a review scheduled for next year. | Age |
| BCK | In response to Brockman Mining’s application for third-party access to Fortescue Metals Group’s Pilbara railway line, Fortescue’s infrastructure division, The Pilbara Infrastructure, has submitted suggested “floor and ceiling” prices. A floor price of A$5.07 per tonne with a ceiling price of A$5.77 per tonne was put forward by Fortescue in 2010. | AFR |
| CWN | Crown Divests its Interest in Echo Entertainment Group | Company report |
| EGP | Billionaire James Packer’s CWN has instructed investment bank UBS to sell its 10 percent holding in rival Echo Entertainment (EGP), worth A$264 million, at the discount price of A$3.20 a share | The Australian |
| FMG | In response to Brockman Mining’s application for third-party access to Fortescue Metals Group’s Pilbara railway line, Fortescue’s infrastructure division, The Pilbara Infrastructure, has submitted suggested “floor and ceiling” prices. A floor price of A$5.07 per tonne with a ceiling price of A$5.77 per tonne was put forward by Fortescue in 2010. | AFR |
| WOW | WOW in the home improvement chain Masters, has announced a US$15 million loss for the April quarter applying to its one-third share in the joint venture. | AFR |
Filed under: Company News
