Analysis: Unhealthy outlook for mining

"Who killed Australia's mining industry" is not a question being asked today, though it could soon be, judging by a flood of recent evidence.


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Absolutely right, and a remarkably lucid explanation of the situation. What it doesn't mention, and what is the key factor which will determine what happens next, is the ideological drivers of the parties with most influence: The Greens, which want mining to die, and, Labor, which can't help but want to tax everything in sight so it can redistribute the proceeds to its chosen constituencies. The tone of Gillard's statements about how certain sections will be compensated for the carbon tax illustrates this. Unless Australians wake up to what is happening in time, the Golden Goose will be dead - or more accurately, will have fled to Africa.

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