"I work right within one of the io majors, I can tell you now the brakes are definately being applied not only in io but nickel and coal as well.
You can ROFL all you like but this is serious stuff mate."
How can INCREASING production by 10% (50% for coal) be serious stuff?
Yes a few marginal projects get shelved in volatile times. I think Kloppers would be more concerned that with such low unemployment, he would need to pay a motza to get a toilet cleaner on site. We can't handle any more projects at the moment without further cost increases.
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mining boom finished, page-46
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