CAPITAL MARKETS

FMG scores as BHPB fumes

A VICTORY for Fortescue Metals Group in the battle for access to BHP Billiton’s Pilbara rail line boosted the former’s share price to an all-time high and lead a somewhat mixed day for resource stocks as all major commodities saw red.

Rebecca Lawson

BHPB was left fuming following a Federal Court’s decision that ruled its Mount Newman and Goldsworthy railways aren’t part of the production chain, potentially allowing third parties to get their ore using...

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