Miners everywhere are feeling the pinch from falling prices, but operators in Australia face the...
Friday, June 8, 2012, 9:58 AM ETMiners everywhere are feeling the pinch from falling prices, but operators in Australia face the extra challenge of soaring labor costs plus carbon and mining taxes that soon take effect. "There's been such demand for gear over the last few years and mining guys get paid $140,000 to drive a dump truck. It's a joke... It's all going to come home to roost now." Y/Y: RIO -35%, BHP -32%.
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