Why a Chinese Fortescue is against the national interest

Wednesday, 27 May 2015

A little PR faux pas with the AFR running a headline story on Fortescue’s own Singapore sling:

Fortescue Metals Group established a company Singapore that could buy and sell its iron ore more than a year before it started attacking its rivals for doing the same thing.

The company, called Fortescue International Marketing, is incorporated and domiciled in Singapore. Still dormant, it is ready to be used at any time.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.