BC Iron, Fortescue to trial new Nullagine rail, port tariff mechanism

Junior BC Iron and its Nullagine joint venture (JV) partner Fortescue Metals have agreed to vary the terms of the rail and port services agreement over the JV project. The parties have agreed to a new tariff mechanism that would vary the amount paid by the JV to Fortescue subsidiary The Pilbara Infrastructure according to iron-ore prices for three months starting in November.