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Rio Tinto Supports Rail Lines Exclusivity Decision
Rio Tinto welcomes the Australian Competition Tribunal’s decision that its Hamersley and Robe rail lines should not be opened up to other users.
Rio Tinto Iron Ore acting chief executive Paul Shannon said, “This is great news. Rio Tinto runs a highly efficient railway that is fully integrated with our port and mine operations. This would be severely hindered if third parties were allowed to run trains on our rail network, not to mention the knock-on negative effect on the Western Australian and national economies from creating such inefficiencies.”
About Rio Tinto
Rio Tinto is a leading international mining group headquartered in the U.K., combining Rio Tinto plc, a London and New York Stock Exchange listed company, and Rio Tinto Limited, which is listed on the Australian Securities Exchange.
Rio Tinto’s business is finding, mining, and processing mineral resources. Major products are aluminium, copper, diamonds, thermal and metallurgical coal, uranium, gold, industrial minerals (borax, titanium dioxide and salt) and iron ore. Activities span the world and are strongly represented in Australia and North America with significant businesses in Asia, Europe, Africa and South America.