Roy Hill powers up

Tuesday 8 November 2016

From Gina:

Gina Rinehart’s $US7.2 billion Roy Hill project produced nearly 3.2 million tonnes of iron ore last month, indicating it has ramped up to nearly three-quarters of its 55 million tonne per year capacity.

Port Hedland numbers for October are partly out too at 41.6Mt an increase of 14% from the same month in 2015 but down slightly from September:

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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.