From the AFR:
Gina Rinehart, the richest Australian, is planning to see off Roy Hill’s first iron ore shipment in Port Hedland on Thursday, which the nation’s richest person said was one month ahead of her expectations as she lashed the media for “relentless negativity” surrounding the $10 billion project.
In a statement, Mrs Rinehart lashed the media while also thanking its staff and partners for their hard work developing the Pilbara iron ore mine, in which her company, Hancock Prospecting, has a 70 per cent stake.
“Despite the many media critics and their relentless negativity, we have now loaded a ship of Roy Hill low phosphorous ore, the next step in the exciting story of the Roy Hill project,” Mrs Rinehart said in a statement to thank staff and the project’s partners.
One doesn’t want to duck into a bouncer or anything but I’m pretty much the only one that has been “relentlessly negative” about iron ore and Roy Hill.
I prefer to call it relentlessly realistic. By my calculations she’s losing money on that shipment:
- Rio in front at $29
- BHP $0.5 to $1 behind / ton (varies greatly by mine, some in front some behind)
- FMG about $9-10 behind
- Roy Hill about $12-13 behind
Is that me or her being negative?
