I hope you’re watching this, Nick Xenophon, from the AFR:
Cast your mind back to last year and you’ll remember the self-styled mining magnate-of-the-people and Fortescue Metals chairman was railing against local competitors Rio Tinto and BHP for increasing iron ore production.
It was a threat to the long-term future of the industry! Twiggy squealed. The federal government should launch an inquiry into iron price volatility! Twiggy demanded. It was a national disgrace that the big boys of the red dirt business were flooding the market, making it impossible for the smaller players to compete! Twiggy insisted.
Whoops-a-daisy. That’s almost five million tonnes over the 165 MT Twiggy vowed last year he would cap production at in order to stave off further downward pressure on the iron ore price.
…And is it a mere coincidence, we wonder that the Our Iron Ore website and Facebook page – complete with its evocative photo of a Central Casting miner and his family urging readers to save “Our Families. Our Jobs. Our Future.” – quietly disappeared from the Interweb this past week?
No doubt they’re all having a good laugh about those Aussie patsies aboard the good ship billionaire, from The Australian:
Australia’s Ambassador to the US, Joe Hockey, has taken time out from his busy schedule to celebrate the 80th birthday of businessman Lindsay Fox.
Mr Hockey was snapped in the Mediterranean with mining billionaire Andrew “Twiggy” Forrest, and actress Deborra Lee-Furness.
Mr Fox, who turns 80 in April next year, is sailing a collection of friends from Athens to Venice to celebrate. Other high-profile guests include Eddie McGuire, Jeff Kennett and Greg Norman.
They are passengers on a luxury liner called Seabourn Odyssey, which has been chartered at a reported cost of about $200,000 per day for the seven-day cruise.
Perhaps we can have a Twexit referendum.
