Quote:
Originally Posted by American Dave
In 2012 Rio Tinto produced 250 million tons at a price well below $50 ton.
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True. I am no expert in mining but friends who are often mention many overseas resource rich areas that could replace Aust. Places like Brazil etc.
Places where people don't expect to get paid over $100k for driving a dump truck.
I really hope our mining is strong for a long time but it is just as vulnerable to our high wage rates as any other industry.