Pilbara killer stopped


The most advanced iron ore project in west Africa has been put on hold once more by Guinea’s temporary military administration, giving Australia and Brazil more sway over the seaborne market into China and northeast Asia.

The government believes that partners Rio Tinto, an Australian mining company, and SMB-Winning, a Chinese company, have missed a deadline to agree on a joint venture to create a 650km railway and related deepwater port.

The government suspended work for two weeks in March. The Guinean government says that the project is not benefiting from the delay and that it is now willing to engage with other developers who would like to expedite the project.

A fortnight’s reprieve.

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.