Rinehart Decries Australian Costs With Africans Earning $2 a Day
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Asia’s richest woman Gina Rinehart said high costs may prompt mining companies to abandon iron-ore operations in Australia, where she’s amassed a fortune estimated at $19.3 billion.
“The evidence is unarguable that Australia is indeed becoming too expensive and too uncompetitive to do export-orientated business,” Rinehart said in a video presentation posted on the Sydney Mining Club website. “We are becoming a high-cost and high-risk nation for investment.”