Capital commitment in a hostile Labor market - Dryblower

DRYBLOWER’S quiz time: if you were a director of BHP Billiton, would you approve a $5 billion expansion of the Olympic Dam copper-uranium mine, starting with a three-year dig to reach the ore body, if the company is forced to employ a fully-unionised workforce?

When Dryblower asked himself that question, it took a while to say yes, with the hesitation a fascinating comment on the emerging predicament confronting the mining industry.

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