Roy Hill “whale” breach!

Advertisement

From Credit Suisse:

Roy Hill will ship its first iron ore cargo on 21 October, according to POSCO, a shareholder in the mine and recipient of the cargo at its south Korean mill.

The ramp up to full production will take 15 months. Job shedding all of next year, presumably.

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.