Aurizon Holdings (ASX:AZJ) has confirmed it is in preliminary discussions with a number of parties in relation to acquiring the Wiggins Island Coal Export Terminal.
As part of a consortium proposal, Aurizon would acquire the terminal, while other members would acquire one or more of the terminal’s source mines.
Through a restructuring and proposed introduction of lower, market-competitive port changes, Aurizon and the consortium would look to create an incentive for miners to increase throughput at the port.
The company has indicated discussions with all interested parties are at an early stage, with no certainty a transaction will result.
Shares in Aurizon Holdings (ASX:AZJ) last traded 0.38 per cent higher at $5.24.