Stay updated with breaking news from Zone Rail. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The scramble by investors over the past two years to ditch shares in companies with links to fossil fuels has hurt the rail group, despite prices soaring for both thermal and metallurgical coal this year.
The Aurizon (ASX: AZJ) share price is failing to catch bids of late and has slipped well into the red amid a struggling coal market.
The ACCC is keen on understanding how exactly Aurizon plans to divest One Rail’s east coast business.
Green issues have nudged aside financial issues and moved from the fringe to front and centre of discussions between listed companies and investors.
Aurizon’s shares have lost 10 per cent of their value since the Queensland group said it would spend $2.35 billion buying a freight rail group that hauls thermal coal.