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The cyclone in the northern state of Queensland led to the temporary closure of four of Aurizon’s haulage lines in the world’s largest coking coal export region. Three of the lines have reopened already. Goonyella, the largest in terms of export tonnage, is expected to open on April 26 – about 1-1/2 weeks ahead of an earlier forecast – though with speed restrictions and reduced capacity, Aurizon said. [nL3N1HJ01T] Aurizon said its latest forecast for underlying earnings before interest and tax was for A$800 million($605 million) to A$850 million for the year ending June 30, down from previous guidance of A$900 million to A$950 million before the cyclone. The lower guidance accounts for lost revenue and flood repair costs, it said. Aurizon shares fell by as much as 4.5 percent on Tuesday after it exited a trading halt to disclose the revised forecast. Aurizon’s major customers include coal miners BHP Billiton , Glencore PLC , Peabody Energy Corp , Rio Tinto and Anglo American PLC . Aurizon said it expected to haul between 12 million and 14 million tonnes less coal in the year to June 30 as a result of the cyclone. Overall tonnage for the year, including that hauled by other operators on Aurizon lines, is expected to fall by 19 million to 21 million tonnes. ($1 = 1.3231 Australian dollars) (Reporting by Jamie Freed; Editing by Stephen Coates and Tom Hogue) (( Jamie.Freed@thomsonreuters.com ; +61 2 9321 8174;)) Keywords: AURIZON OUTLOOK/ (UPDATE 1, PIX)
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The stated reason for the rush is that the batch of the sedative midazolam used by Arkansas as the first of three drugs in its lethal injection protocol expires on 30 April, and that finding new supplies after that date will be difficult. On a less procedural note, Hutchinson has insisted that his haste is all about the victims families. In an interview with local reporters last week, he was asked about the public outcry over his actions. He replied: Am I supposed to go to Dick Daniels, the husband of Jane Daniels who was killed [by Don Davis] in Rogers, Arkansas, brutally murdered and say I was worried about how the state would look? He went on: When I set these [executions], I thought not only about the process or the responsibility, but also about the victims and what theyve endured for the last 25 years. But the argument that it was all about victims rights was disputed by Joseph Perkovich, a lawyer for Bruce Ward, who pointed to evidence that the state had lied to a medical supply company to obtain one of its lethal injection drugs. Officials have gone to astonishing lengths to carry out a purge, he said. Perkovich said that for many relatives of loved ones lost to inexplicable acts of violence, the promise of executions are a false salve that diminish our humanity, distort our legal system and fail to deliver closure. In the end, we are witnessing politicians and their appointees compromising principles and even the law to orchestrate public spectacles in advancement of their personal interests. Questions about the soundness of Hutchinsons strategy, and about his motives, have been widely debated in Arkansas. The state has not carried out an execution since 2005, and until this moment has largely been on the sidelines of the capital punishment debate in the US. A lot of people are left wondering about this.
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