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Cheaper commodities won’t kill off Australia’s mining boom

Posted on 25 October 2012

Australian Resources Minister Martin Ferguson says the onset of an era of low commodities prices does not spell the end of the country’s China-backed mining boom. Ferguson said “Australia’s resources industry has many years of opportunities to come,” and that “there are few places better prepared for the Asian century than Australia.”
Ferguson said that declines in commodities prices which have severely hampered Australia’s leading mining concerns should be viewed in a positive light, and provide an opportunity for miners to enhance competitiveness and efficiency………………………………………..Full Article: Source


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