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Why should nonviable iron ore miners be any different! ie ; why...

  1. 13,783 Posts.
    Why should nonviable iron ore miners be any different!

    ie ; why should RIO /BHP Back off production increases + market Dumping/Flooding ???
    in the collusion on flooding markets to lower the commodity price in a time of record demand ??


    Well.. is not an efficient way to manage Australian Resources (owned by the Ozi People)

    for Tax revenue + budgets of states.
    for Australian personal Wealth creation in SMSF
    for profit Margins of all players ...including the duopoly.
    for shareholders in mining coy
    for recouping lost capital spent on mothballing newly built production facilities.
    for Employment + Skilling of our youth in mining .
    for Employment + skilling opps in Mining services
    for mining town + rural town revival of communities in decline now.
 
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