Rio Tinto ready to build Simandou after almost 30 years of setbacks
Simandou has faced delays due to legal disputes, political changes, and the challenges of building out 600 km rail and port infrastructure.
“Capital expenditure will peak in fiscal 2013 with no new major projects planned.”
With one crisp bullet point in a presentation, Australia’s largest company, BHP Billiton captured the bleak reality of the end of our fabulous resources boom.
This is the company that sits at the absolute centre of the resources industry, not just in Australia but indeed the world, and so has been at the centre of the boom.