Happy Pilbara killer day!

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The ferrous complex remains paralysed by an unsustainable iron ore price.

It appears the inaugural cargo has departed the Pilbara killer with great fanfare, though it is unclear.

The President of the Republic of Guinea today joined project partners WCS, Baowu, Chinalco and Rio Tinto in a ceremony at the port in Forécariah prefecture to mark the start of operations at Simandou, Africa’s largest greenfield integrated mine and infrastructure project.

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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.