BC Iron, Mt Gibson and Atlas Iron squeezed by iron ore rout, page-33

Mr Harding said. "The minute someone else supplies and I don't, our shareholders lose out, our employees lose out and if that supply filling that void in demand is international, then the Australian people lose out, because they don't get the revenue-based royalties. That's the logic behind it."

On the one hand he is talking bout stake holders missing out but on the other hand he is making employees redundant in a race to be lowest cost producer. So what are the employees missing out on? So what does Australian get? More unemployed, more trade deficit. Yes please, thank you mr Harding! Why not have the balls to come out and say 'we will destroy all our competitors by over supplying the market' which is what you are doing and which is what you are entitled to do! Don't pretend that you are doing it for the benefit of Australia now.