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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