Heaps of affordable property to rent in Perth. Our landlord upped the rent so we said well we will move out and found something $150 cheaper. Could afford it three times over easily but it was the pronciple. Do you think that people will pay exorbandent proces when they can get everthing + more doing a FIFO to the east??
RIO and BHP as very cautious with their funds and expansions. They are moving to driverles trucks and trains anyway. Other then the big iron ore mines (this will run for 20+ years) in the Pilbra alot of the smaller and mid tier operators are facing the wall with the Taxation scheme and rising production cost. They are doing every thing possilble to strangle the golden goose.
Don't dont listen to the governments line top 500 poluter line, every remote site in the australia is about to have their fuel rebate recalled + the tax trigger at 25,000, + the mineral tax, + high aud = smaller margins. Companies moving to eventime roster over the next 2 year and more FIFO from the eastern states.
House of cards malaga; ask any geologist or long termer (mining 80s) how quickly the worm turns and they are dumped.
