they are not running to the government. They’ve merely said they cannot run these losses given the permanent change to nickel. We can’t compete with unions, IR laws, effectively a carbon tax, high energy costs, and Abolsutely no environmental laws in Indonesia.
So 3,500 jobs at stake, then likely more from the follow on effect some contractors, consultants and ultimately the lesser mines. So probably more like 10,000 jobs and an entire industry. Our foolish prime minister was quoting a renewables powerhouse, point is no one cares where the nickel comes from. Green left just think their $&@“ doesn’t stink because they drive an electric car. When all they’ve done is transferred horrible environmental problems and emissions to other countries.
BHP Price at posting:
$45.61 Sentiment: Buy Disclosure: Held
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