Mining blowout as wages start rising

Original article by Nick Evans
The Weekend Australian – Page: 21 & 32 : 16-Jan-21

There is growing concern about a wages blowout in Western Australia’s mining sector, as the continued strength of the iron ore price ignites speculation of a new resources boom. Fortescue Metals Group recently advised of a cost blowout at its Iron Bridge magnetite project, and other mining companies with projects under development in WA are also likely to experience cost pressures. Skills shortages and restrictions on hiring staff from interstate have also prompted mining companies to start poaching workers from their rivals and other sectors.

CORPORATES
FORTESCUE METALS GROUP LIMITED – ASX FMG

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