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From the AFR:
Hancock Prospecting’s Tad Watroba notes that the first iron ore shipments from Roy Hill will be delayed to 2015 – the original timeline forecast 2014. He highlights a kink in the rail line on a map of the operation, saying it was needed because the company’s “neighbours” had been uncooperative.
“That’s life,” he jokes.
When can we call this “delayfest” a bust?
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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.
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