AusRAIL, Market Sectors

Hope Downs could fund rail expansion

<p>Partners in the Hope Downs mining project have indicated a willingness to fund any necessary expansion of BHP Billiton’s Newman railway to cart the additional ore, according to a report in today’s (Tuesday, November 11) <em>West Australian</em> .</p> <p>Last week the WA Supreme Court granted the Hope Downs project third party access rights to BHP Billiton’s nearby Newman railway to haul the ore to Port Hedland.</p> <p>But BHP-Billiton has suggested that Hope Downs may have to fund its own expansion because the rail line at present has no spare capacity, the newspaper said.</p> <p>On Friday (November 7), Hope Downs project director Russell Tipper told <em>Lloyd’s List DCN</em> that although he welcomed the court’s decision the next move is up to BHP-Billiton.</p> <p>"It’s really going to be a question of how BHP sees it," Mr Tipper said. "We are keen to have a chat with them but as yet we haven’t had a chance to sit down and have that chat." </p> <br />