comments on: access and mineral supply chains. stephen p king monash university
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Long version.TRANSCRIPT
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Comments on: Access and mineral supply
chains.Stephen P King
Monash University
![Page 2: Comments on: Access and mineral supply chains. Stephen P King Monash University](https://reader035.vdocuments.net/reader035/viewer/2022062401/5a4d1b617f8b9ab0599ad97f/html5/thumbnails/2.jpg)
Short version – pretty much agree with Russell.
![Page 3: Comments on: Access and mineral supply chains. Stephen P King Monash University](https://reader035.vdocuments.net/reader035/viewer/2022062401/5a4d1b617f8b9ab0599ad97f/html5/thumbnails/3.jpg)
Short version – pretty much agree with Russell.
Long version.
![Page 4: Comments on: Access and mineral supply chains. Stephen P King Monash University](https://reader035.vdocuments.net/reader035/viewer/2022062401/5a4d1b617f8b9ab0599ad97f/html5/thumbnails/4.jpg)
Should miner F be allowed access to miner B’s railway line?
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Where
is the
econ
omic
proble
m?
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Mine
Railway
Foreign buyers
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Mine
Railway: Build own or use someone else’s
Foreign buyers
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Mine
Railway: Build own or use someone else’s
Foreign buyers
Price takers in international
markets
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Mine
Railway: Build own or use someone else’s
Foreign buyers
Price takers in international
markets
Existing rail owned by separate company
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No Economic problem – no
regulated access needed.
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Mine
Railway: Build own or use someone else’s
Foreign buyers
Price takers in international
markets
![Page 12: Comments on: Access and mineral supply chains. Stephen P King Monash University](https://reader035.vdocuments.net/reader035/viewer/2022062401/5a4d1b617f8b9ab0599ad97f/html5/thumbnails/12.jpg)
Mine
Railway: Build own or use someone else’s
Foreign buyers
Price takers in international
markets
Existing rail owned by mining company
![Page 13: Comments on: Access and mineral supply chains. Stephen P King Monash University](https://reader035.vdocuments.net/reader035/viewer/2022062401/5a4d1b617f8b9ab0599ad97f/html5/thumbnails/13.jpg)
Mine
Railway: Build own or use someone else’s
Foreign buyers
Price takers in international
markets
Existing rail owned by mining company
No upstream issue
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No Economic problem – no
regulated access needed.
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In both these cases a
miner may seek
regulated access to
improve its bargaining
position.
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And in both these cases
declaration could occur
under Part IIIA!
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Mine
Railway: Build own or use someone else’s
Foreign buyers
Existing rail owned by mining company
![Page 18: Comments on: Access and mineral supply chains. Stephen P King Monash University](https://reader035.vdocuments.net/reader035/viewer/2022062401/5a4d1b617f8b9ab0599ad97f/html5/thumbnails/18.jpg)
Mine
Railway: Build own or use someone else’s
Foreign buyers
Market power in international
markets
Existing rail owned by mining company
![Page 19: Comments on: Access and mineral supply chains. Stephen P King Monash University](https://reader035.vdocuments.net/reader035/viewer/2022062401/5a4d1b617f8b9ab0599ad97f/html5/thumbnails/19.jpg)
Mine
Railway: Build own or use someone else’s
Foreign buyers
Existing rail owned by mining company
Upstream holdup
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Economic problem –
regulated access may be
appropriate solution.
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Mine
Railway
Foreign buyers
Market power in international
markets
Mine Mine Mine
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Mine
Railway
Foreign buyers
Market power in international
markets
Mine Mine Mine
Vertical se
paration or
joint ownership?
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Mine
Railway
Foreign buyers
Market power in international
markets
Mine Mine Mine
Vertical se
paration or
joint ownership?Imperfect a
ccess
regulation
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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’.