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Mon, 18 Dec 2006	Official Announcement [ST]
BHPBill -- federal court decision BHP Billiton announced that the ruling on Monday by the Federal Court that BHP Billiton's Mt Newman and Goldsworthy iron ore rail lines are not part of the company's production process will work against the national interest. Chris Lynch, BHP Billiton executive director and Group President Carbon Steel Materials, said he was extremely disappointed with the decision, which threatened the further growth of one of Australia`s critical export industries. "It is important to remember that this decision has much broader implications beyond BHP Billiton. Open access to dedicated rail infrastructure would compromise the efficient production of iron ore and cause delays in future investment decisions, making Australian producers less reliable," he said. BHP Billiton is reviewing the Federal Court judgment in detail and will consider its options with regards to an appeal.
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