Rio's rail report comes too late.

Australasian Business Intelligence, April, 2006

Byline: Jamie Freed

Apr 12, 2006 (The Sydney Morning Herald - ABIX via COMTEX) -- A report claims giant iron-ore projects in Australia could be delayed or cancelled if companies have to share their private rail networks. The nation could lose $A43bn in iron-ore sales over the next 20 years if big miners such as Rio Tinto and BHP-Billiton have to open their rail lines to smaller players such as Fortescue Metals. Fortescue and its joint venture partner, Consolidated Minerals, are seeking access to a BHP railway in the Pilbara region to make their Mindy Mindy project viable. However, the 12 April 2006 report, commissioned by mining giant Rio Tinto in support of BHP-Billiton, arrived too late to be considered in a case before the National Competition Council...

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