This should shake up a few io juniors, whether WA govt agrees is another matter
Dramatic shake up on the cards for WA iron ore industry Posted 2 hours 30 minutes ago Updated 1 hour 14 minutes ago
Rio Tinto's West Angelas mine site (ABC: Diane Bain)
Audio: The ABC's Di Bain speaks to analyst Peter Strachan about proposed new rail haulage regime. (ABC News) Map: Karratha 6714 WA's $16 billion iron ore industry could be in for a shakeup with a Government committee outlining a controversial new regime which obliges BHP-Billiton and Rio Tinto to haul smaller miner's iron ore to port.
After taking two years to draft the ABC understands the long awaited Rail Haulage Regime will be released today for public comment.
The plan outlines a set of principles which oblige BHP and Rio to honour the original intent of their State Agreements by hauling other miners iron ore using their monopoly run rail systems.
It is understood the regime says the junior miner must pay for all additional infrastructure including extra rail cars and train tracks.
They must also pay a haulage fee so BHP-Billiton and Rio can get a capital return on their service.
The Economic Regulator will monitor these fees to ensure there's no gold plating of costs.
If approved by Cabinet the regime will knock down the barriers to entering the iron ore game for other miners.
