Here comes the news?, page-44

Quotes
"but to do business in Australia you have to start from the end".

"You cannot find natural resources and think you have a business -- you must first have a port allocation.

"You can find a billion tonnes of iron ore in the desert but you can't do anything with it. You have to go to BHP or Fortescue (to enable rail and port access). That is why for us, as a foreign investor, it is difficult."

Bogolyubov says investing in Australia is very expensive, but until recently it was at least viewed as a relatively stable investment destination.

"Up to now I felt (it was stable). But now everyone is talking about the new (mining and carbon) taxes and about big changes.

"How can you talk about stability if you don't know the financial situation?

"Australia is a good country but production has become more expensive. So my investments will concentrate more to Africa. Maybe capital will move from here to there."