Who works in the mines and what doing

[IDT]

Originally Posted by buggerlugs

http://www.news.com.au/business/here...-1226462427189
Is the boom coming to an end ? I met 2 contractors that got the flick in the last week...... They both said it is starting to get a bit grim. With the price of coal at the moment and the labour costs, is the boom sustainable ?

Not from what I can see. I would take the grim news with a grain of salt. Its pretty regular for Resource Sector Construction Projects to be postponed if labour looks like it will be either not achievable or stupidly expensive.

I heard a rumour that one of the main reasons the Olymic Dam (BHP)expansion was pulled up was that they couldn't get enough bidders for contracts as the companies who know how to build these kinds of expansions are all flat out. The boss at Monadelphous said a slow down would be good so they could catch up!