Big mining’s decade of inflationary pressure is ending

The Australian Financial Review
04-29

A decade of inflationary pressures in the mining sector appears to be over, with bulk commodity producers Fortescue, Whitehaven Coal and Stanmore Coal telling investors their unit costs were tracking lower.

Lower commodity prices and a weaker Australian dollar have driven the trend, which is being accelerated by rising unemployment and, in some cases, deferral of spending on growth projects.

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