Mining costs doubled
The cost of developing major mining projects in Australia has doubled in the past two years to about SAust. 15,000 m, says Mr P. Phillips, director of the Australian Mining Industry Council. The industry needs tax incentives to help build up reserves, for the inevitable troughs in the market. It is a misconception that the mining industry is fabulously profitable, he says. Statistics show that the industry’s profitability on funds invested is almost the same as the manufacturing industry.
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Press, Volume CXVI, Issue 34151, 12 May 1976, Page 26
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82Mining costs doubled Press, Volume CXVI, Issue 34151, 12 May 1976, Page 26
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