NWIOA has sought authorisation from the ACCC for its members to negotiate jointly with Pilbara infrastructure providers for rail track and/or rail haulage services.
BHP Billiton submission does not object to authorisation being granted for joint NWIOA negotiations.In FRS announcement to-day.
In Wayne's interview he again has not spoken about the 4 granted tenements and 5 Priority application tenements close to Newman. I think these tenements have to be looked at as strategic pawns. Three granted tenements are in between Hancock/Rio Hope Downs 4-5 and 6 tenements.
The West Australian reported that Roy Hill could become Mrs Rinehart's third mine in the Pilbara,following in the footsteps of the operating Hope Downs joint venture with Rio Tinto and a proposed Hope Downs 4 expansion about 65km away.
Hope Downs has become one of Rio Tinto's most important assets and a key reason why the mining giant was able to report record iron ore production for 2009. Hope Downs produced 20.6 million tonnes last year,boosting the Rio-controlled Pilbara output to a record 202.2 million tonnes.Rio's share was 161.9 million tonnes,up 7.2%.
Two priority tenements just South of Newman and the other three are close to the BHP's Jimblebar rail line at Shovelanna South.
Regards Westcott.
BRM Price at posting:
$3.47 Sentiment: None Disclosure: Held
