Gina Rinehart on the future of mining and prosperity in Australia

Many in Australia may not like the way Gina Rinehart, the billionaire mining owner is going for Fairfax Media however, what she has to say about mining and the future prosperity is critical.

The latest data is showing that more and more businesses are going bust in the non-mining states like South Australia, Victoria and Sydney. And the carbon tax and mineral resource tax along with red tape and immigration issues will kill the mining states. Within no time Australian citizens may lose the wonderful life they have now. We cannot take these things for granted.

It seems too easily forgotten that people who know what it is to hire people – even thousands of Australians, also understand better than most what could prevent them from doing so. While I have many investment options in a globalised economy, the place where I most want to create sustainable jobs is Australia.

Yet others are increasingly feeling forced to make a different choice.

West Perth, where my offices are, for instance, is filled with companies investing in low-cost, highly resourced Africa.

Now the evidence is unarguable that Australia is indeed becoming too expensive and too uncompetitive to do export-oriented business (businesses that must sell their product in the world economy at world market, not Australian, prices). What was too readily argued as the self-interested complaints of a greedy few is now becoming the accepted truth, and, more ominously, is showing up in incontrovertible data.

ANDEV members and I have been voicing our concerns and warning about this over the last two years. What hurts business can devastate our already grossly in-debt nation.


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