AIO 0.00% $9.13 asciano limited

qrn reports aio news...where's the disclosure?

  1. 680 Posts.
    I am holding off buying AIO again until they report an earnings downgrade due to bad weather and impact on coal. Interesting that it took QRN to advise of a pacific national derailment and it's impact on the coal haulage....surely aio must be following closely??? Or is everyone at AIO on holiday????


    QRN MEDIA RELEASE
    29 December 2010
    Flooding in Queensland and derailment on the Goonyella coal system
    The widespread and unseasonal rainfall across Queensland is expected to adversely affect
    coal hauled for at least the months of December and January due to temporary closures
    across a number of Queensland coal systems and significant flooding of access roads
    across the State.
    As at 29 December, the continuing wet weather and flooding is hampering access to the
    track and hence recovery efforts.
    This is compounded by the derailment of a Pacific National train on 24 December at Yukan,
    west of Mackay which has resulted in the temporary closure of the Goonyella coal haulage
    system. Repairs crews are working to resume coal services within the next few days.
    QR National is continuing to assess the track conditions and the longer-term impact on
    tonnages and the network, however heavy rain and flooding is forecast for coming days.
    Until these highly unusual weather impacts subside, it is not possible to make a full
    assessment on Full Year published earnings forecast.
    QR National is also talking to its customers to assess current mining production and
    available stockpiles given the impact of the flooding on mines in Central Queensland.
    For media enquiries, please contact Mark Hairsine +61 418 877 574.
    For investor relations enquiries, please contact Lindsay Woodland +61 7 3235 5611.
 
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