Our Iron Ore miners should not be allowed to overproduce and
drop the IO price thereby depleting our IO reserves while they
now do not pay MRRT, CO2 tax and minimal royalties. They are
simply trying to bully others out of the market at the Australian
taxpayers' expense.
While we own our resources we should manage them so that
the taxpayer gets an optimum return now rather than allow
the leasees/miners to trash our precious resources for self serving purposes.
If China had our IO resources it would show the miners how to achieve
optimum results for the country.
mm
