450 employees lose their jobs.thanks labor, page-25

"we are against big foreign owned mining companies paying their fair share aren't we, even though they are largly responsible for the higher AUD, higher intest rates and less tax receipts as a % of GDP."

What a crock that "statement" is.

The reason the AUD is high relative to Euro & USD etc. is our interest rates are higher, and those governments are shovelling money out at ever increasing rates.

There is a currency war going on. Look at the bigger picture instead of thinking it's all about what happens within Australia. We are nothing on the world stage.

Also, you have the ALP government selling billions of bonds, which makes our banks have to compete with the government for foreign capital. That's why interest rates are higher than they should be.

Less tax receipts as a % of GDP - ROFL what about your much beloved mining tax? That was supposed to rake in billions? How much has it raised. ZERO. If this government stopped wasting money, and stopped telling lies about taxes, we would be just fine.

The next blowout in revenue from these clowns will be the carbo price - currently 4 Euro a tonne vs our ridiculous price. All the compensation "baked in" as you say. What will happen to revenue when the price is floating???

Coz it won't be up at the current rate here in Australia.

Wake up to the lies yeldub.