CAPITAL MARKETS

FMG gets another tick

THE National Competition Council (NCC) has rejected BHP Billiton’s claims that the Mount Newman rail line was part of its production process and will review Fortescue Metals Group’s (FMG) submission suggesting it should be a service available to other users.

Brad Ricks
FMG gets another tick

FMG has been pushing to have the rail line, which runs from Newman to Port Hedland – and near FMG’s iron ore tenements – recognised as a service under part IIIA of the Trade Practices Act. BHPB sought...

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