What I want to know is, once the Australian government has - banana republic style - "seized" BHP and RIO, who actually runs, develops and maintains the mines, railway lines and the ports? Who invests in the innovation and technology to maintain those operations as world-class operations?
The Australian government, from its world-renowned Department of Mining Engineering?
In that case, I wonder how long it will be before those mines will disappear from the bottom-quartile on the global cost curve (i.e, most cost competitive)?
Which is one of the very reasons governments don't own and operate mines (nor steel works, nor car manufacturing, nor banks, nor telecommunications, nor airlines, nor grocery retailers).
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