the australian article , page-6

Hi (Mozart56)

Posco are looking to take a 15% stake in Hancock Mining at Roy Hill.
Hancock will be building their rail line I believe.
If they announce soon that they are to build their rail line it will make BHP think very seriously I think with also CRM and FRS talking of building rail as well.

It would open up the Pilbara and take away leverage BHP and Rio have with the mid-tier future miners.
It would then go against BHP and RIO in sales to the Chinese and others for the years of trying to dictate prices of iron ore.

Aquila and partners look to be doing a joint rail system with FMG in the West Pilbara for rail and port.

If Posco,Hancock,CRM and NWIOA join forces with rail and port and with FMG rail system it will hit the big two very hard I think.

Hancock port infrastructure is looking to be in the same area as the NWIOA port infrastructure.

Regards
Westcott.