Murdoch’s The Australian, on the warpath against Rudd on behalf of the mining companies, screams at its readers of the economic disaster it claims is to come:
Rio Tinto shelves billions in projects
Or not. Rio clarifies:
Global miner Rio Tinto Ltd has denied it had shelved plans to spend $11 billion on expanding its Australian iron ore operations because of the country’s new mining tax.
The world’s second-largest iron ore miner was commenting on a front-page report in The Australian newspaper which quoted Rio Tinto’s iron ore boss, Sam Walsh, as saying a plan to boost iron ore output to 330 million tonnes a year by 2015 was now on hold.
Let’s hope Australian readers don’t actually check up on the paper’s claims. They sound so delightfully devastating if you don’t realise they’re not true.
Anyway – so what if the big mining companies go on a “capital strike” over the next few months to try to swing the election to their representatives in Canberra, the Liberal Party? Why should voters cow to their threats and demands? When it’s unions, the conservatives demand that we BE STRONG and STAND UP TO THEM. But not when it’s the people signing the cheques?
The fact is that the resources are in the ground HERE. They are worth increasing amounts of money on the world market, whether we dig them out now or in a few years, and the mining companies know it. They also know that 60% of a bonanza is still 60% of a bonanza.
How gullible do they think we are?