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1.Market Observations

18 Feb 2014 (TheAge, SMH) – Record coal exports to China boost Aurizon’s forecast

(18 Feb 2014, The Age, BusinessDay, p23, Jenny Wiggins, and SMH)

‘Aurizon chief executive Lance Hockridge signalled cost cutting by mining customers was paying off as the rail operator hauled record amounts of coal in the first half of the year and raised 2014 forecasts. The weakening Australian dollar and extensive cost cutting by key customers like the BHP Mitsubishi Alliance had improved local miners’ competitiveness as they sold coal to China, Mr Hockridge said.’

Read more at SMH.com.au

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