That's a new multi year low for AUD and maybe the final straw to break this support zone (if its not just a kneejerk reaction). Will be good if AUD has another big leg down for our exporters, manufacturers, tourism etc but not good for fuel prices for us ordinary folk.
Luckily ABU is not fuel price sensitive with its low throughput, high grade operation. Higher AUD POG would much more than offset.
Our ML application in a desert should be a breeze compared to the Pebble mine in Alaska;
"large-scale mining in the Bristol Bay watershed poses risks to salmon and Alaska Native cultures."
“According to the report, mining in Bristol Bay would wipe out anywhere between 24 to 94 miles of salmon-supporting streams and 1,300 to 5,350 acres of wetlands, ponds and lakes.”
“In terms of economic impacts, the agency found that the Bristol Bay ecosystem generated close to half a billion dollars in economic activity in 2009 and provided employment for about 14,000 full and part-time workers.”
"Our report concludes that large-scale mining poses risks to salmon and the tribal communities that have depended on them for thousands of years.”
http://www.mining.com/epa-stands-by-claim-that-pebble-mine-would-harm-bristol-bay-wildlife-economy-11720/
What a nightmare! Glad we haven’t got any such hurdles.
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