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FMG loses railway battle

A BID by Andrew Forrest’s Fortescue Metals Group to gain access to BHP Billiton’s Mt Newman railway line in Western Australia has effectively been rejected after a midnight deadline for Federal Treasurer Peter Costello passed without a decision.

Ben Sharples
FMG loses railway battle

Under the Trade Practices Act, the Treasurer had 60 days to reach a decision on FMG’s application. The legislation states if he has not reached a decision within that time, then he has deemed to have declined...

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