Magnetic Rail Group

Summary

Magnetic Rail Group Pty Ltd is a rail freight company that hauls bulk coal in New South Wales and Queensland. It was incorporated on 1 November 2022 as an Australian proprietary company, limited by shares. The company was formed as the corporate vehicle by which Magnetic Infrastructure Group Pty Ltd, an Australian incorporated 50‍–‍50 joint venture ultimately owned by M Infrastructure Group Pty Ltd and PT Asian Bulk Logistics, would manage the former One Rail Australia coal haulage assets that it was in the process of acquiring. One Rail Australia had hauled about 30 per cent of Hunter Valley export coal volumes and since 2020 had expanded its operations into Queensland.