BHP, Rio, Roy Hill and FMG are digging out iron ore and selling mainly to China without semi or full processing. This situation is destroying Australia’s future wealth.
None of these companies are not investing value adding further processing and technology.
Why these companies are not investing energy metals processing?
Why these companies are not investing lithium processing?
These companies are here until they have easy billions dollars profit. They are not interested Australian future wealth and security.
One day China is going to show middle finger to these companies. What then will happen? Australia will be farmer of Asia.
Every body very angry to China and contradictory Australian GDP is 90% dependents on businesses with China.
If Australia wish to independent politically and financially, shouldn’t sell any valuable minerals without further processing.
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