Rio opposes sharing Australia iron-ore rails

June 20, 2008

June 20th (Reuters) – An Australian move to open private iron-ore rail haulage lines to more miners could cost the nation A$30 billion ($28.5 billon) in investments over 20 years, mining company Rio Tinto Ltd/Plc (RIO.AX: Quote, Profile, Research, Stock Buzz)(RIO.L: Quote, Profile, Research, Stock Buzz) said on Friday.

It said it was opposed to a call by Australia’s National Competition Commission to allow other mining firms to use its rail lines in the iron ore-rich Pilbara region of west Australia.

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