Miners Move To Pre-empt Rail Infrastructure IPO

A consortium of Australian coal mining companies have made a cash bid of US$4bn for Queensland's coal rail network in an attempt to prevent the IPO of the state-owned freight company QR National. Miners primarily fear that the IPO will consolidate the status quo of a monopoly over the freight rolling stock and infrastructure by QR National, which will cost them more in the long term, as they try to get their output to the ports.

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