Comments on: Access and
mineral supply chains.
Stephen P King
Monash University
Short version – pretty
much agree with Russell.
Short version – pretty
much agree with Russell.
Long version.
Should miner F be
allowed access to miner
B’s railway line?
Mine
Railway
Foreign buyers
Mine
Railway: Build own or use someone else’s
Foreign buyers
Mine
Railway: Build own or use someone else’s
Foreign buyers
Price takers in
international
markets
Mine
Existing rail owned by
separate company
Railway: Build own or use someone else’s
Foreign buyers
Price takers in
international
markets
No Economic
problem – no
regulated access
needed.
Mine
Railway: Build own or use someone else’s
Foreign buyers
Price takers in
international
markets
Mine
Existing rail owned by
mining company
Railway: Build own or use someone else’s
Foreign buyers
Price takers in
international
markets
No upstream
issue
Mine
Existing rail owned by
mining company
Railway: Build own or use someone else’s
Foreign buyers
Price takers in
international
markets
No Economic
problem – no
regulated access
needed.
Mine
Existing rail owned by
mining company
Railway: Build own or use someone else’s
Foreign buyers
Mine
Existing rail owned by
mining company
Railway: Build own or use someone else’s
Foreign buyers
Market power
in international
markets
Upstream
holdup
Mine
Existing rail owned by
mining company
Railway: Build own or use someone else’s
Foreign buyers
Economic problem –
regulated access may
be appropriate
solution.
Mine
Mine
Mine
Mine
Railway
Foreign buyers
Market power
in international
markets
Mine
Mine
Mine
Mine
Railway
Foreign buyers
Market power
in international
markets
Mine
Mine
Mine
Mine
Railway
Foreign buyers
Market power
in international
markets
Conclusion
•
•
•
Basically agree with Russell.
But we have a problem in our law relating
to ‘market’.
And joint ownership with a regulated
access price is an interesting ‘third way’.