The happy Dane spruiks Pilbara Killer


RIO is getting spooked that its China-grovelling, Australia-smashing Pilbara killer project is generating negative press. Suddenly, the miner has launched a love-in with a prostrate, Ross Greenwood, to upsell the benefits.

But there are none, not for Australia, at least:

  • An alternative iron ore pipeline this large risks emboldening Chinese military aggression.
  • Coming at a time when the Chinese economy is post-growth and post-real estate build-out, it is an insane undertaking for price prospects.
  • At the company level, Simandou dramatically increases RIO’s soverign risk profile.

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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.