Thanks Magix.from Ocean Equities WEEKLY REVIEW - Tuesday...

Thanks Magix.

from Ocean Equities WEEKLY REVIEW - Tuesday September 2nd, 2008


"Ocean Comment:
On Friday the NCC provided its recommendation to the Federal Treasurer, Wayne Swan, for the declaration of the Goldsworthy, Robe and Hamersley Railway‘s under the Trade Practices Act. The Treasurer now has 60 days to make his decision which has the potential to set the platform to conclude the long standing battle between BHPB/RIO and FMG/the Pilbara juniors in the courts. While we believe this could be a landmark decision, recent steps taken by the WA government and the Port Hedland Port Authority, highlights the support for the junior iron ore sector and we believe the Pilbara 3rd party rail haulage paper will provide a more expeditious system for 3rd party rail access than the current Trade Practices Act process."

"New iron ore miner Fortescue Metals Group also plans to eventually ship 200Mtpa from the inner harbour. Additionally, two new multi-user berths in the Port Hedland inner harbour will be reserved for the North West Iron Ore Alliance and other junior iron ore producers, adding 50Mtpa iron ore export capacity from 2012. However, today’s agreement still leaves the outer harbour development in doubt."