The mining sector is softening and will continue to do so.
Neighbour has just returned from 3 weeks in china!
Stockpiles of coal and iron ore are at record highs, any contracts that are currently being written are at a massively discounted rate.
This is why many companies have not and will not be going ahead with projected projects.
China, Asia and Europe's main priority is food security, and is the reason they are investing in Aussie land and companies that can deliver same.
A shame our present government has not had the foresight to look ahead to the future for our country.
Carbon Tax, Murray Darling Basin Plan, HighTax's, and heading towards the highest cost of living nation ever.
Green's and Union comrades are doing a wonderful, job their demise is not far away.
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