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Wednesday, May 4, 2011

Australia court bars Fortescue from key Rio Tinto rail line

Wed May 4, 2011 8:36am GMT

SYDNEY May 4 (Reuters) - Fortescue Metals Group said an Australian federal court ruling which prevents its from gaining access to a key rail haul line operated by rival Rio Tinto would not affect its expansion plans.

Fortescue said its target to raise iron ore output to 155 million tonnes per annum was based on its own infrastructure and existing approvals.

Fortescue said in a statement it would consider legal options after reviewing the court decision.

(Reporting by James Regan, sourced Thomson Reuters)

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