Oct 19 (Reuters) - Australian miner New Hope (NHC.AX) said on Wednesday it was not part of a consortium with private-equity firms Oaktree Capital Management and Brookfield (BAMa.TO) , which according to a report was bidding for Aurizon's (AZJ.AX) East Coast Rail business.

Freight operator Aurizon last year bought One Rail Australia, which included East Coast Rail, for A$2.35 billion ($1.49 billion) from Macquarie's (MQG.AX) asset management arm and Dutch pension fund manager PGGM, and planned to sell or spin off its New South Wales and Queensland business. read more

Aurizon declined to comment on the media report on Wednesday, but pointed to its annual general meeting held last week at which it said the divestment process was "well advanced" and that it would announce a decision next month.

Brookfield declined to comment on the media report. Oaktree did not immediately respond to Reuters' request for comment.

Aurizon's shares rose as much as 1.4% to A$3.60 while the broader market (.AXJO) gained 0.4%.

Shares in coal miner New Hope fell 7% after rival Whitehaven Coal's (WHC.AX) weak quarterly production update.

($1 = 1.5820 Australian dollars)

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