BHP sounds the same warning as ANDEV

by 17 May 2012

17 May 2012

BHP Billiton Chairman Jac Nasser has confirmed what Australians for Northern Development and Economic Vision has been saying for over eighteen months.

At an Australian Institute of Company Directors lunch in Sydney yesterday, Mr Nasser described Australia as “one of the higher-cost countries in the world” for mining. He warned that if input costs in the resources sector remain high and the regulatory environment uncertain, BHP would move investment offshore. (more…)