Contract killers for the mining boom

As labor productivity in the resources sector collapses construction costs have blown out, including by 45 per cent over five years in the Pilbara. Queensland and WA need to wake up.

Woodside’s announcement last week that it would pull out of its $45 billion onshore Browse LNG project in Western Australia is a horrid whack in the head for Australia’s wealth creation capacity. No responsible government can afford to ignore what’s happened because there’s surely more of this to come.

In particular the premiers of Queensland and Western Australia have most cause to be concerned as their looming potential resource project losses exceed anywhere else.

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