DP World increases stake in DP World Australia

DP World has announced that it has acquired an additional stake in DP World Australia from Gateway Infrastructure Investments and other financial investors. DP World Australia  is now at an enterprise value of approximately A$ 1.4 billion.
The acquisition is subject to regulatory approval and is expected to close in 1Q2019.
Following the closure of the transaction, DP World Australia will become a consolidated entity within the DP World Group and is expected to be earnings neutral in the first full year of ownership.
Corsair Infrastructure Partners, the manager of the Gateway Fund, will continue to manage a significant investment in DP World Australia.
“We are pleased to announce this transaction that brings DP World Australia back into our consolidated portfolio, which presents a more optimal structure to drive this business forward, while continuing our relationship with CIP as a valued partner. We remain optimistic on the growth prospects in Australia and believe there is an exciting opportunity to enhance shareholder value by further developing the container terminals operations and expanding beyond the ports into logistics services,” Sultan Ahmed Bin Sulayem, Group Chairman and CEO, DP World said.
DP World Australia is a container port operator that manages 4 terminals at each of Australia’s major ports (Sydney, Melbourne, Brisbane and Fremantle) with a capacity of approximately 4mn TEU’s.

Aurizon eyeing up QLD Wiggins Island port

Australian rail freight operator Aurizon is assessing a plan to by the Wiggins Island Coal Export Terminal (WICET) in Queensland, reports the Australian Financial Review (AFR).
The AFR adds that the rail operator had been looking to partner with Macquarie, with Aurizon acquiring the port’s terminal and investment banking group Macquarie getting the port’s biggest customers. After the recently sale of major Curragh coalmine to a US coal producer Coronado Coal, it is unclear whether Macquarie will still be interested.
“Aurizon […] continues to consider its proposal for WICET and in that content is still reviewing the announcement on the sale of Curragh mine,” a spokesperson said.

Rio Tinto to double autonomous fleet by 2019

Rio Tinto will work with Caterpillar and Komatsu to expand its fleet of autonomous haul trucks in the Pilbara by more than 50 per cent by 2019.
The mining group, which has launched the projects as part of its $5 billion productivity program, plans to retrofit 29 Komatsu haul trucks at the Brockman 4 operation with Autonomous Haulage System (AHS) technology, starting next year.
Brockman 4 will be run entirely in AHS mode once this project has been completed by 2019.
Rio will also retrofit 19 793F trucks with Caterpillar at the Marandoo iron ore mine. The equipment manufacturer will install Cat Command for Hauling software for operation of the fleet as part of the project. It is expected the first few trucks at Marandoo will be retrofitted in mid 2018.
Chris Salisbury, CEO – Iron Ore, Rio Tinto, said the company was excited about starting this new chapter in its automation story with Caterpillar and Komatsu.
“Rapid advances in technology are continuing to revolutionise the way large-scale mining is undertaken across the globe,” he said. “The expansion of our autonomous fleet via retrofitting helps to improve safety, unlocks significant productivity gains, and continues to cement Rio Tinto as an industry leader in automation and innovation.
“We are studying future additions to our autonomous fleet in the Pilbara, based on value, to help deliver our share of $5 billion of additional free cash flow for the company by 2021.
“Rio Tinto is committed to working closely with our workforce as we transition to AHS including providing opportunities for new roles, redeployment, retraining and upskilling.”
 
 

Schaeffler acquires IT specialist Autinity

Automotive and industrial supplier Schaeffler Australia has welcomed its global parent company’s acquisition of Autinity Systems, an IT company that specialises in machine data recording and evaluation.
Condition monitoring of machinery and equipment as well as digital networking in production are of great interest to both Schaeffler’s internal and external customers throughout Australia and New Zealand, said Mark Ciechanowicz, Industrial Services Manager, Schaeffler Australia.
These include key Schaeffler Australia markets, among them bulk materials handling; mining and energy production; food, beverage and primary processing; and broader industrial and road and rail machinery systems.
The company noted that the purchase of 100 per cent of Autinity shares, completed this month, is an important step in implementing Schaeffler’s global and local digital agenda, with Autinity specialising in digital condition monitoring and machine data recording.
“Schaeffler has been using software solutions by Autinity for many years now,” said Ciechanowicz. “The acquisition of this company will help us to intensify our collaboration and accelerate further developments in the fields of machine data recording and condition monitoring. Both topics are essential elements of Schaeffler’s digital agenda, which are in strong demand both from internal and external customers.”

Aurizon to shutter intermodal business

Rail operator Aurizon has announced the closure of its intermodal business, following a tough financial year where the company posted a loss of $188 million. A consortium of Pacific National and Linfox will take over its Queensland facility, and Pacific National has purchased its Acacia Ridge terminal, with the transactions bringing in a total of $220 million. Aurizon’s remaining intermodal business, outside of Queensland, will be closed by December.
“The decision to exit Aurizon’s Intermodal business is in response to the continued losses in this business and market dynamics, with sale proceeds and future capital able to be recycled into other profitable parts of the company,” said Tim Poole, Chairman, Aurizon. “The exit will allow Aurizon to focus on creating shareholder value through its core strengths and capabilities of heavy rail haulage operations and rail infrastructure management.”
Andrew Harding, Managing Director and CEO at Aurizon, added: “Following the review of our Freight business, we have made the decision to exit Intermodal by closing down our interstate operations and selling Queensland Intermodal and Acacia Ridge terminal. Initiatives are in place to turn around the performance of our Bulk business following significant impairments in July.
“Going forward, we will leverage our operational and commercial capability in heavy haulage operations and rail infrastructure to create value and certainty for shareholders.”
In a message to employees, Harding explained the decision to close the company’s Intermodal division.
“Unfortunately, over the years we ave continued to see significant financial losses in this part of the business,” he said.
“The reality is that in a market serviced by a number of well established transport providers, we have been unsuccessful in establishing a significant scale and customer base to make it profitable.
“Exiting the Intermodal business is clearly not a decision we have taken lightly but one we had to make if we are to provide certainty and value for our shareholders.”

Toowoomba airport flies out first airfreight cargo

The first successful domestic freight operation out of Brisbane West Wellcamp Airport has opened the skies for new business opportunities in the region, according to the airport’s commercial manager Sara Hales.
Hales says the airport’s cargo and passenger capabilities ensure local businesses have improved connectivity and the opportunity to meet urgent client deadlines using local infrastructure.
“Toowoomba and the surrounding regions provide services and supply materials for major national and international companies and for many of these entities the advantage of having airport nearby streamlines logistical operations,” said Hales.
Toowoomba-based civil construction, quarrying and mining industries supply company Trackspares commissioned the first domestic freight flight from Toowoomba late last week, the company was dispatching an urgent shipment to Rio Tinto’s bauxite mine at Weipa.
Trackspares managing director Brad Oats says the 10-tonne shipment included heavy-duty undercarriage, including track chains and rollers, for a material handling machine known as an apron feeder.
He says it has been fantastic to be part of another major milestone for the region’s airport.
“It opens up opportunities, not only for us but for companies like Rio Tinto to access our services,” he said, adding that without the local airport the order would have been trucked to Brisbane and companies such as Trackspares would have been faced with a “logistical nightmare.”
“The Rio Tinto mine was dealing with a time-critical breakdown situation and the flight from Wellcamp helped expedite the whole process in an industry where time is money,” said Oats.
EastAir, who usually conducts urgent air transport for Rio Tinto, arranged dedicated charter airline Pionair Australia (via Aviation Cairns) to freight the Trackspares equipment to Weipa on a BAE 146-200QT ‘Whisper Jet’.
“Once the freight order grew from 3.4 tonne to 10 tonnes we needed a bigger aircraft for the service,” said EastAir chief executive Dean Mooney.
“We were thrilled to be able to help Trackspares meet their client’s urgent request and also facilitate the supplies for our client Rio Tinto who we have been working with for the past six years.”
“Our aircraft can carry up to 11.5 tons of cargo into and out of difficult to reach locations, worldwide, so we were thrilled to be able to assist Trackspares with the urgent client request,” said Pionair General Manager Michael Lee.
The cargo door is a massive 3.33 metres wide and 1.93 metres tall, allowing large oversized cargo to be loaded.

Adani committed to rail corridor

Indian miner Adani has reiterated its commitment to building the Carmichael coal mine, undeterred by the prospect of a new Labor government in Queensland.

The change in government leaves the future of funding for a rail corridor to Abbott Point in doubt, as Labor has stated the project must be self-sustaining and will not commit public money to the project.

A spokesperson for Anastacia Palaszczuk’s office said the prospective premier’s position on infrastructure spending for the mine was “quite clear”.

“We’re not going to be funding that kind of thing, but we still support the project,” he said.

Last month shadow treasurer Curtis Pitt said the $450 million in funding for the rail corridor would only come from the sale of assets proposed by the Newman government, plans which Labor will be mandated to halt.

“Labor will not support a secret deal that involves giving a multi-national mining company hundreds of millions of dollars that have been sourced from a fire-sale of Queenslanders assets,” Pitt said.

“Queenslanders can rightly expect that those companies seeking to profit from the rail line would pay for it to be built.

“If projects of this scale require taxpayer investment in a rail line to get off the ground, then you’d have to question the commercial viability of the project in the first place.”

Adani CEO Jeyakumur Janakaraj said the result of the election will not affect financial decision making.

“The company will work with every partner and every government in ensuring these important projects proceed,” he said.

Janakaraj also said Adani's decision to proceed or not to proceed with the Carmichael investment was based solely on the cost basis of the project.

“Importantly, the mine at Carmichael, which lies at the heart of these projects, will be within the first quartile of the cost curve,” he said.

A spokesperson for Adani said the company welcomed the opportunity to work with the new premier to discuss the project which would generate “taxes and royalties that the Queensland Government needs to invest right back into frontline services in the state.”

Last week a report from The Australia Institute suggested the number of jobs to be created by four proposed Galilee Basin projects had been overestimated, and that the Carmichael project would ultimately create 3500 direct mining jobs, rather than 10,000 jobs as quoted by Adani and the Newman government.

Image: Couriermail

 

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Joy Global sets up new remote access facility at University of Wollongong

Mining machinery manufacturer Joy Global has officially opened its first Australian remote access facility at the University of Wollongong's innovation campus.

The facility provides Joy Global with a direct data link to all of its longwall equipment at its customer's coal mine sites.

"A large video wall screens data from customer mine sites, enabling engineers to quickly review data, diagnose, and provide technical support," the company explained.

It is part of the manufacturer's new operations site, which officially opened in April earlier this year.

These new offices house Joy's sales, control & automation, safety & certification, smart services and longwall teams, as well as its new high-tech remote access facility.

It chose the university as it is close to miners such as Gujarat NRE and BHP Billiton Illawarra.

Brad Neilson, Joy Global Australasia's VP of Hard Rock Mining Systems, said it is looking to work closely with its customers as well as the university.

"At the Innovation Campus we have a beautiful, modern office environment for our team, Neilson said.  

"Its accessibility means we can easily demonstrate the benefits of having remote access to mine equipment to our customers, and we are in an excellent position to attract graduates.  We plan to increase our R&D collaboration with both our customers and the University of Wollongong, particularly given its research strengths in engineering, mining and information technology.

“While we are an engineering-based company, we’re part of a global team and are increasingly reliant on technology.  Our location on the Innovation Campus provides excellent access to high-speed data and network infrastructure, as well as a community of high-tech companies who we hope to collaborate with in the future."

MaxiTRANS appoints Mario Colosimo as new GM of its Freighter brand

MaxiTRANS Australia has appointed Mario Colosimo to the role of General Manager of its Freighter brand.

According to MaxiTRANS managing director, Michael Brockhoff, Mario has a lifetime’s experience in the design, manufacture and sales of trailers and trailer components, most recently holding a senior management position with a leading component supplier.

Mario’s principal responsibilities will include product development, sales management and distribution of Freighter products. Highly regarded for his wealth of experience, Mario will work closely with customers, dealers and engineers to ensure that Freighter continues to deliver innovation, high payload and high resale value.

Mario intends to first meet with and listen to Freighter’s customers, and looks forward to using his knowledge to enhance the Freighter product range and the ownership experience of its customers.

Mario said he will continue to maintain an ongoing involvement in regulatory development with industry associations and road authorities. Given the complexity of both State and Federal regulations, the growth in demand for PBS solutions and the emergence of aerodynamics as a new efficiency driver, Mario believes that maintaining a close involvement with both industry associations and regulators will enhance Freighter’s ability to supply its customers with the optimum operational equipment.

300kg truck gear box stolen

Police are searching for the thieves who stole a truck’s gear box from a Pilbara truck yard.

The incident occurred last weekend when the offenders opened a sea container that was sitting at the Cajurina Way yard in the Wedgefield industrial area at South Headland, The West Australian reported.

A police spokeswoman said it was likely a forklift was used in the robbery, as the gearbox weighed more than 300kg.

The part is worth more than $17 000.

Organised crime gangs were being blamed for a rise in stolen mining equipment in Queensland.

A report by the Crime and Misconduct Commission revealed heavy equipment theft was on the rise in QLD, and the trend was expected to continue as the mining and construction sectors expanded.

“Certainly, the expansion of the mining and construction industries creates a larger market for stolen heavy equipment, in terms of both supply and demand,” the report said.

The profitability of equipment theft, which is of high value and in high demand in interstate and overseas markets, was seen as a contributing factor to the rise in crime.

The vulnerability of equipment, which was often left in isolated or unsecure locations, where one master key could operate multiple pieces of equipment, was also marked as a contributing factor.

The CMC also said some gangs were using their knowledge of car theft and re-birthing and transferring it to heavy equipment theft.

Image: westaustralian.com

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