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Dividing the Spoils

In: The Remaking of the Mining Industry

Author

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  • David Humphreys

Abstract

‘The mining boom that got underway in the middle of the last decade has already made us the richest citizens in Australian history. The extra income amounts to about 15 per cent of our economy, or about $190 billion each year. It is as though we inherited the entire economy of New Zealand in one fell swoop – and if prices remain steady, we will keep inheriting it year in, year out. In fact, with iron ore exports set to double, and LNG exports on track to quadruple, we’ll probably inherit two New Zealands before long’.1

Suggested Citation

  • David Humphreys, 2015. "Dividing the Spoils," Palgrave Macmillan Books, in: The Remaking of the Mining Industry, chapter 7, pages 159-184, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-44201-7_8
    DOI: 10.1057/9781137442017_8
    as

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