<span class="" id="parent-fieldname-description"> Westfield pushing for Helensvale light rail station Qube director: Donât forget rail in ports debate NSW ports and Brisbane have owners-in-common New BHPB chief rejigs senior management </span> <p><u>Westfield pushing for Helensvale light rail station</u></p><p>Retail giant Westfield is in talks to extend the under-construction Gold Coast light rail network to its centre at Helensvale, north west of Queensland’s Surfers Paradise, the Gold Coast Bulletin is reporting.</p><p>Westfield is reportedly pushing to have the current, council-approved proposal to build a light rail – heavy rail interchange station and park-and-ride at Parkwood instead moved 4km north west to Helensvale.</p><p>The interchange, which would link the light rail network to the heavy rail network headed for Brisbane, would instead be adjacent to Westfield’s 175-outlet centre at Helensvale under the corporation’s reported proposal.</p><p><u>Qube director: Don’t forget rail in ports debate</u></p><p>Qube Logistics managing director Maurice James has told <em>The Australian </em>that rail is being forgotten in the debate over port access in major cities.</p><p>“The reality is, more trucks are going to go on the road networks and rail has the ability to minimise that impact,” Qube managing director Maurice James told the News Limited paper.</p><p>“Roads will continue to grow but rail can play a very important part. It has generally been forgotten there are still doubters out there,” he was reported to have said.</p><p>He said better rail access to port facilities was critical to ease traffic at Port Botany in Sydney and east and west Swanson docks in Melbourne.</p><p><u>NSW ports and Brisbane have owners-in-common</u></p><p>The new private owners of Port Botany and Port Kembla share ties with that of the Port of Brisbane.</p><p>Two of the investors within the NSW Ports Consortium, Industry Funds Management (IFM) and Tawreed Investments, are also significant shareholders in Q Port Holdings, the owners of Brisbane’s port.</p><p>NSW Ports Consortium successfully won the 99-year-lease for Port Botany and Port Kembla.</p><p>IFM is the lead investor in NSW Ports with a 45% share and a reported 27% share in Q Port Holdings.</p><p>Tawreed Investments, a subsidiary of Abu Dhabi Investment Authority, is reported to have a 20% stake in NSW Ports and a 19% stake in Brisbane.</p><p>This means that together, the two owners have a 65% stake in NSW and a 46% stake in Brisbane.</p><p>Chairman of Shipping Australia, Ken Fitzpatrick, has expressed concern over the amount of power this gives the port owners on the eastern seaboard.</p><p>“Our main concern would be pricing – if history repeats itself. What happened in Brisbane is that rents went up,” said Mr Fitzpatrick.</p><p><u>New BHPB chief rejigs senior management</u></p><p>New BHP Billiton chief executive, Andrew Mackenzie, last week announced changes in senior management, opting for executives “with deep operational experience” to take a steady hand at the wheel during the downturn.</p><p>Three senior executives, Hubie van Dalsen, Marcus Randolph and Mike Yeager will depart the company while Alberto Calderon, previously chief executive, Aluminium, Nickel and Corporate Development departs his post but remains with the company as an advisor to Mackenzie.</p><p>The new business division chiefs are:</p><ul><li>Iron Ore: Jimmy Wilson continues as head of the division.</li><li>Copper: Peter Beaven moves to head this division, which includes all responsibilities of his previous role at the helm of the former Base Metals business.</li><li>Coal: Dean Dalla Valle, formerly President, Energy Coal, will assume responsibility for the whole of BHP Billiton’s coal assets. The Metallurgical and Energy Coal businesses have been consolidated.</li><li>Aluminum, Manganese and Nickel: Daniel Malchuk, formerly President, Minerals Exploration, will assume responsibility for the new division.</li><li>Petroleum and Potash: Tim Cutt, currently president of Diamonds and Specialty Products will re-join the business as President following Mike Yeager’s retirement from the Company on July 1.</li></ul>
