How to defeat Twiggy Forrest

Wednesday, 6 May 2015

Apparently BHP iron boss has “hit back” at Andrew Forrest:

In a note to staff, Mr Wilson stressed BHP (BHP) had in 2012 cancelled plans to build 180 million tonnes per year of extra growth in the form of the $US20 billion Outer Harbour Project at Port Hedland and two berths in the inner harbour.

”At the same time, Fortescue Metals Group (FMG) (Mr Forrest’s company) chose to develop a new berth in the inner harbour to deliver an additional 25 million tonnes a year, making FMG the world’s most prolific iron ore growth story,” the BHP iron ore boss said.

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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.