Reported 5 days ago
BHP's Australia President Geraldine Slattery has indicated that the local mining industry is unprepared for the growing competition from lower-cost producers, particularly as the demand for commodities like nickel declines due to increased supply from countries such as Indonesia. She cautioned that Australia needs to adapt its policies to remain competitive or risk losing market share as other nations implement lower mining costs and favorable royalty regimes.
Source: YAHOO