Miqar_Baqfhied
Cancelled
- May 31, 2012
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Just be having a few discussions with some mates lately who reckon that the mining boom is going to end soon. Basically, the massive wages being demanded by Australian workers and the huge operating costs are being passed on to the consumers (i.e China), and this is getting too expensive for them.
China are apparently stockpiling huge amounts of ore while they wait for projects to be set up in African and Asian countries, where it will be much cheaper to mine minerals (wages, operating costs). Plus they are setting up employment oppurtunities for local workers in these countries so they reap rewards too. They are set to pull the plug on taking ore from Australia, using up these stockpiles while they wait for the African/Asian projects to commence.
Has Australia been too greedy and demanding (TA's demanding 150k plus to push a broom for example), and are we set to crash and burn as a result?
China are apparently stockpiling huge amounts of ore while they wait for projects to be set up in African and Asian countries, where it will be much cheaper to mine minerals (wages, operating costs). Plus they are setting up employment oppurtunities for local workers in these countries so they reap rewards too. They are set to pull the plug on taking ore from Australia, using up these stockpiles while they wait for the African/Asian projects to commence.
Has Australia been too greedy and demanding (TA's demanding 150k plus to push a broom for example), and are we set to crash and burn as a result?