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Govt split on resources boom

Posted on 24 August 2012

Prime Minister Julia Gillard has played down Resources Minister Martin Ferguson’s assertion that the “resources boom is over”, saying he had simply been talking about commodity prices. The Coalition seized on Mr Ferguson’s comment to ramp up political pressure on Labor a day after BHP Billiton shelved its $US20 billion-plus Olympic Dam expansion, saying it had undermined the government’s whole economic strategy.
Ms Gillard said: “Minister Ferguson was making a point about commodity prices and we have seen commodity prices come off a little.”……………………………………….Full Article: Source


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