Monday, 31 Oct 2011
Earlier this year the Full Court of the Federal Court of Australia unanimously ruled that the service provided by Rio Tinto's Pilbara rail lines should not be declared as being available for access to third parties.
Rio release said that “Today the High Court of Australia granted Fortescue Metals Group Ltd and the National Competition Council leave to pursue appeals in relation to the decision of the Full Federal Court.”
The release added “No date has been set for the hearing of these appeals but it is expected that they will be listed in the first half of 2012.”
It also said “Rio Tinto maintains that the potential costs of access far exceed any theoretical benefits. This was accepted in the findings of the Australian Competition Tribunal. Rio Tinto will therefore take all appropriate steps to defend these appeals.”
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