The biggest beneficies from High Court decesion will be BRM, AGO and FMG all of which have a BHP rail line running directly through their tenements. AGO and BRM have IO ready to load!!!
CANBERRA, Sept 24 (Reuters) - Australia's highest court on Wednesday ruled mining giants BHP Billiton Ltd/Plc (BHP.AX: Quote, Profile, Research, Stock Buzz)(BLT.L: Quote, Profile, Research, Stock Buzz) and Rio Tinto Ltd/Plc (RIO.AX: Quote, Profile, Research, Stock Buzz)(RIO.L: Quote, Profile, Research, Stock Buzz) must share their Australian iron ore rail networks with other miners.
The ruling is a victory for new miner Fortescue Metals Group (FMG.AX: Quote, Profile, Research, Stock Buzz), which has battled through the courts and competition regulators to be able to use the rail lines to transport its ore to the nearest port.
"The High Court unanimously dismissed the appeals (of BHP). It held that the subject of Fortescue's application answered the description of a service provided by the use of an infrastructure facility such as a railway line," the High Court said in a statement. (Reporting by James Grubel)
