News

July 31, 2010

That Was The Week That Was ... In Australia

By Our Man in Oz

Minews. Good morning Australia. More election doldrums for you?

Oz. Yes, and no. The market was certainly flat, but the election campaign picked up speed, as the conservative Liberal and National Parties squeezed past Labor in the latest opinion polls, published on Saturday. We’ve got three weeks to go before the August 21st vote, so anything could happen. For the mining sector, which has been harshly treated by Labor, the latest newspaper polling is a breath of fresh air, which might be reflected in prices on Monday.

Minews. The polling should also boost the mood at next week’s Diggers & Dealers forum.

OZ. It will, especially as Diggers is all about the juniors. It’s juniors that have been howling the loudest about the quick fix put in place by our recently imposed Prime Minister, Julia Gillard. The complaint, which has now becomes serious enough to merit the re-launch of damaging television and newspaper advertisements by the mining industry, is that the fix pleased only BHP Billiton, Rio Tinto and...