The Minister for Resources and Energy, Martin Ferguson, has declared the end of the mining boom, following the shelving of BHP Billiton’s Olympic Dam expansion in South Australia.
“You've got to understand, the resources boom is over,” Mr Ferguson told ABC radio this morning.
The recession will soon follow. And as deflationary forces strengthen around the world ALL commodity prices, including gas & oil, will fall to end any talk of a mining boom and any supposed shortage of resources.
