G'day Lev, all:
-----Original Message----- From: luv-talk-bounces@luv.asn.au [mailto:luv-talk-bounces@luv.asn.au] On Behalf Of Lev Lafayette
On Fri, November 7, 2014 4:59 pm, Russell Coker wrote:
If all mining in Australia ceased it wouldn't change things much.
It would make a bit of a difference I suspect to the 2.2% of the labour force employed in mining, the drop of 5.6% in GDP, and the 35% decline in the export market might be noticeable.
Also, evaporation of the investors' wealth will be a factor: many individuals and pension funds invest in mining blue chips. Regards Slav This e-mail and any attachments to it (the "Communication") is, unless otherwise stated, confidential, may contain copyright material and is for the use only of the intended recipient. If you receive the Communication in error, please notify the sender immediately by return e-mail, delete the Communication and the return e-mail, and do not read, copy, retransmit or otherwise deal with it. Any views expressed in the Communication are those of the individual sender only, unless expressly stated to be those of Australia and New Zealand Banking Group Limited ABN 11 005 357 522, or any of its related entities including ANZ Bank New Zealand Limited (together "ANZ"). ANZ does not accept liability in connection with the integrity of or errors in the Communication, computer virus, data corruption, interference or delay arising from or in respect of the Communication.