"FerrAus Limited will seek to finalise the terms of an agreement...

"FerrAus Limited will seek to finalise the terms of an agreement for rail haulage of its iron ore product on the Mount Newman railway system as soon as possible".

There is always a risk in trying to read the rail tea leaves, but this seems positive for BRM.

Maybe rail access is the price BHP is prepared to pay for keeping the Chinese out of the Pilbara.

The devil is in the detail of course....and BHP has everyone scratching their heads not knowing what is really going on, which is precisely how they like it.

Keeping the Chinese out of the Pilbara should be regarded as a victory of sorts for Kloppers, and may be a demonstration that he is capable of effective strategy delivery after all. Not having to deal with a big competitive problem in 5 years by nullifying it now is good business sense. Let's see if Kloppers has this.