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<p>[QUOTE=&quot;gxseries, post: 1515344, member: 4373&quot;]I can guarantee you have no clue of how expensive mining operation here is in Australia. A mining operator earn at least 100,000 dollars and that&#039;s just driving a dump truck LESS THAN half of an year. I repeat, 100,000 dollars for half an year. Multiply that by operation crews, add equipment, plant cost, royalty tax, etc - they add up really really quick. A new caterpillar 785C truck is easily in the range of 3 million dollars; latest 797F is closer to 10 million. Waiting list for a dump truck is probably 1-2 years. Tyres alone cost more than 70,000 dollars each and that&#039;s IF you can get them. Australian dollar and US dollars are about on par so you can read them all as US dollars. </p><p><br /></p><p>If you can argue against this or can quote reliable figures, I am more than happy to see them. Not interested in seeing US figures because most components have to be imported from the US, Germany, Japan.</p><p><br /></p><p><a href="http://content.mycareer.com.au/salary-centre/mining-oil-gas" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://content.mycareer.com.au/salary-centre/mining-oil-gas" rel="nofollow">http://content.mycareer.com.au/salary-centre/mining-oil-gas</a></p><p><br /></p><p>Please feel free to use the above link to grasp how expensive an operation can be and that&#039;s just labour cost alone. </p><p><br /></p><p>Sure, you can argue about high commodity prices but a lot of companies are targeting low grade ore at the moment because mining often goes in a cycle of boom and bust. There is a need to keep high ore body for reserve. A gold mine in New South Wales that I have been to is targeting gold ore at 0.6g/tonne of rock.&nbsp; That&#039;s more than 50 tonnes of rock before you can recover 1 ounce of gold after selectively mining the ore body.[/QUOTE]</p><p><br /></p>

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