Alarm bells sound on Rinehart’s hill

In theory this should have been a good week for Gina Rinehart’s Roy Hill iron ore project. The stock market is clearly recognising that China is turning on the economic booster burners again and in due course that should lift demand for iron ore – good timing for a new iron ore mine.

At the same time the government approved her application for foreign workers at Roy Hill, albeit with controversy.

But a series of unrelated events must be ringing warning bells in the Rinehart camp. Some of those events are ringing similar bells at BHP and Rio Tinto.

For the full story visit Business Spectator.


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