What will the Pilbara killer cost Australia?

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Rio is always giving, giving, giving:

“With an iron content of nearly 65% ​​and few impurities, Simandou project will make Guinea a key player,” Lawrence Dechambenoit, head of external affairs at Rio Tinto, said in a speech in the capital, Conakry.

“Simandou iron can be refined using less energy-intensive technologies that emit less carbon dioxide during the transformation into steel,” he said at an event to mark the second anniversary of Compagnie du TransGuinéen, a joint-venture set up by the Guinean government and its industrial partners to develop the world’s largest iron ore reserve.

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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.