Fortescue Metals Group Ltd
(ASX:FMG) boss Andrew Forrest is fighting against rulings by regulators for the second time this week. This time for rail access in the Pilbara.
Mr Forrest said he would lobby the government for legislative change if the miner failed to get access to the Pilbara rail networks operated by BHP Billiton Ltd and Rio Tinto Ltd.
Fortescue’s appeal began yesterday against the Australian Competition Tribunal’s ruling that the rail lines were not open to be used by smaller miners. Australia’s richest man said BHP and Rio had effectively kept everyone else’s iron ore off their rail lines for forty years.
Fortescue booked a net profit of $309 million in the six months to 31 December, 2010.
