What if the mining (boom) ends?
- Thread starter Asheam
- Start date
Unfortunately they got their timing completely wrong, there were certainly plenty of warning signs, high risk regardless.
even the most exposed of mining towns such as newman are still flying - rio is about to (or has) pushed the button on koodaideri and that's a biggy
But we've been told the mining boom is over.
The pollies are saying it and it's in the papers, so it must be true.
If everything is flying then why have price of properties in Karratha fallen as much as 25% as well as rents. There are also many other mining areas in QLD where values/rents have been effected.
Why are people losing their jobs, contracted to mining companies such as BHP, why are some companies associated to the mining sector scaling down/staff, its just not looking that great. I hope I am wrong, but there are some significant factors that are actually happening that are making me worry.
How would Labour benefit from this negative news?? What would be the point
the karratha changes dont make sense as its not even a mining town. it's been sailing along fine since I first started mucking around there 25 years ago and am sure it will continue to do so. there has been some prudence from the bigger companies - probably well over due, down right wasteful some of their practices.
the main project we lost was gorgon, but it's hard to lose something you never had. if we didnt have the expectation of that you would have to say things are still booming by any comparison
the main project we lost was gorgon, but it's hard to lose something you never had. if we didnt have the expectation of that you would have to say things are still booming by any comparison
Your still on the money Ausprop. Most of the action up here in mining has gone from construction to production in the last 6 to. 8 months so yes there has been some culling. There will be more as productions becomes streamlined.
There is still a lot of workers getting whopping big pay packets up this way.
There is a lotta life left in mining yet my friends
Cheers
Yadreamin
There is still a lot of workers getting whopping big pay packets up this way.
There is a lotta life left in mining yet my friends
Cheers
Yadreamin
Good to get it from someone on the ground.. great stuff.
Have not heard from you for a while on SS, hope all is going very well for you.
Good to get it from someone on the ground.. great stuff.
Have not heard from you for a while on SS, hope all is going very well for you.
Yeah the rail side of things have dried up only one job for me to go to in pilbara Roy hill.
But it's happened before and then theres another railway line to build definelty slower on the ground though
Wouldn't it be that there will be slower periods and faster periods ups and downs fmg is a lot bigger then when they first started
gina rineaheart will most likely expand she is putting a lot of infrastructure for 55 mt
Thanks for the update. So what is it that you actually do???
what companies have the roy hill contract jacko? i thought john holland picked it up?
Yeah John Hollands one of those things, were you can't be loyal just got to go we're the work is .
In current environment that is understandable
Mtr what do you think will happen , with a lot of construction cutting back ,you think it's still good time to devolop my spearwood property .
first or land bank it and look to develop in melbourne
Just a little bit confused on what I should do
