News Articles for Lance Hockridge

Today's board moves wrap includes Philip George, Gordon Thompson, Jon Latto, Adam Smits, Peter Unsworth, Dan Travers, Kevin Hart, Michael Billing, Richard Willson, Brad Baylis, Michele Buchignani, Ryan Hair, Lachlan Lynch, John Moran, Simon Mitchell, Clinton Dubieniecki, John Blake, Matthew Greentre, David Izzard, Lance Hockridge, Carly Terzanidis, Brent Mierau, Graeme Pettit and Terry Sinclair.

GrainCorp shares surged by more than a third after the drought-hit grain handler received an all-cash $2.38 billion takeover bid from little-known asset manager Long-Term Asset Partners.

Aurizon has appointed Andrew Harding as chief executive in place of Lance Hockridge, calling the former Rio Tinto iron ore head the right person to increase value for shareholders.

Aurizon has swung to a half-year net loss of $108 million after taking higher-than-estimated impairments from its West Pilbara iron ore project amid challenging market conditions.

Australia's largest rail freight operator Aurizon has defended its decision to carry out share buybacks rather than offering a special dividend.

Rail infrastructure company Aurizon is positive but cautious about the West Pilbara iron ore project, with chairman John Prescott saying today that, on balance, he expects the development to proceed.

Rail operator Aurizon has written off $19 million it has spent trying to develop an infrastructure solution for iron ore producers in the East Pilbara, including Atlas Iron and Brockman Resources.

In the latest twist for takeover target Aquila Resources, suitor Baosteel said it would not increase its $1.4 billion offer for the iron ore developer and that it would reconsider its 20 per cent shareholding in the company if the bid was unsuccessful.

Continued growth of the Pilbara as an export-focused iron ore province received a huge boost today when Chinese steel giant Baosteel and Australian railway operator Aurizon teamed up to bid for the Perth company behind a $6 billion port and rail project.

Two major rail freight operators are pursuing growth opportunites in WA's mining sector.