First tracks laid at Roy Hill

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From the ABC:

The first railway tracks have been laid at Gina Rinehart’s Roy Hill project in the Pilbara in northern Western Australia.

Traditional owners held a welcome to country ceremony to mark the development.

A 344-kilometres long railway track will be constructed to get iron ore to port at Port Hedland.

Around 3,000 people are building the $10 billion mine, port and rail project.

Nearly 40 per cent of the project has been completed and first exports are expected next year.

Roy Hill aims to produce 55 million tonnes of iron ore a year.

…The project is scheduled for completion in April 2015 and is expected to employ 200 people.

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.