Mining company Oxiana managing director Owen Hegarty told ABC the future looks rosy. "We're in stable domains around the planet, got a wonderful growth profile, a sensational exploration team and we expect to continue to show the strong growth that we've had over the past several years," he said.



Analyst Mark Niutta from ASANDAS investment house agreed the resources boom shows no signs of diminishing. "I don't think it's over by any stretch of the imagination - there's a long way to go.

"As long as China keep consuming and we're seeing iron ore prices look as if they're going to go quite a bit higher, probably 20 to 25 per cent next time round," he commented.

The need for skilled workers with Australian visas is still a major issue facing the industry.

Mr Niutta noted that "it's getting hard to get good people".

"If you can't get the geologists and the drivers and the trucks and the engineers, then you can't get the stuff out of the ground," he added.

Source: The Australians

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