Labour and living costs in australia are massive compared to developing nations.
I work in the offshore construction industry both in Ausralia and o/s. My day rate in australia is 3 times that of O/S.
I also have only worked in Australia 30% in the last 5 years compared to working O?S.
Add to that the potential, carbon tax, Gillards new iron ore tax that im sure could flow into other industry and guess what. Australia isnt a friendly place to do business.
The only reason the concentration plant is here is because the ore is here!
the malaysian insider article, page-6
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Last
$7.95 |
Change
-0.070(0.87%) |
Mkt cap ! $7.402B | |||
| Open | High | Low | Value | Volume |
| $7.97 | $8.02 | $7.86 | $6.785M | 854.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 27 | 8583 | $7.94 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.95 | 11358 | 22 |
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| Last trade - 11.54am 01/10/2024 (20 minute delay) ? |
| LYC (ASX) Chart |