Its good news for mmx as they now will definitely have their own rail link to take their 25 million tonnes / year to port.
But its not good news for Yilgarn because they won't have the volumes that mmx can provide. Also MIS is now in a very difficult position because the mmx/mitsu line will be at their door step at JH and WR. So why would they pay more money to have a 2nd line when there will already be one there? MIS have some very hard decisions to make.
The other miners can do what ever they like.
Re Port: MMX/MITSU would have to be favoured with the proven performance of mitsub in this type of construction.
If mmx/mitsu win the port tender i would expect the yilgarn proposal to fail completely.
MMX Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held