tanking aud will hughely benefit miners , page-23

"half of its earnings charging competitors to use 2670 kilometres of track with the rest coming from hauling coal and other freight"

Depends on interpretation......AZJ charges others to use it's facilities(50%) and hauls coal directly for it's own clients(on it's facilities???). But yes I agree with you, AZJ could be a player in TPI consortium if it hauls iron ore for smaller players..... which could include AGO. If that were the outcome then AGO may not have to stump up any, or as much, equity as might otherwise be required.

As I said previously AZJ is not a passive investor so much of the negotiation with FMG will revolve around access rights, priorities and cost structures. Will smaller players prefer dealing individually with FMG direct or AZJ acting on their combined hehalves?