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Attack heats up on BHP, Rio over iron price


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To sustain economic benefits for Western Australians, the WA State Government must establish an It's Our Own Iron Ore Council. This Council composed of all Stakeholders of the Iron Mining Industry and WA Treasury shall regulate the volume of all iron ore shipments originating from WA when the international iron ore price drops below a set WA Economic Price. Each exporting corporation shall be given a daily/monthly/6 month/12month shipment quota to export by this proposed council in order to sustain iron ore price that is economically beneficial to WA. If the WA Government can not control and regulate the mining and export of iron ore which is its wealth, and remain powerless over big multinational corporations including BHP and Rio Tinto : then for the sake of the people of WA, we might as well "nationalise" the mining industry in WA.

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