If the chiefs at FMG and AGO had spent more time shoring up their companies rather than sucking up to LNP politicians they would not be in this mess.
Two basic facts:-
MRRT is far more equitable in a low iron ore price regime
WA royalty rates are ripping the heart out of company profits as they expand production in competition with the big boys and Gina
Far better off lobbying State Govt to reduce royalty rates
