|BHP Billiton CEO Marius Kloppers.|
Two days after mining giant BHP Billiton announced it was scrapping a $30 billion expansion plan in South Australia, its chief Marius Kloppers has warned European investors to stay away from Australia while the Federal Minister for Resources Martin Ferguson abruptly told the world that the mining boom in Australia is over.
Klopper’s statement comes after he reassured Australians that the taxes were not to blame for BHP axing the Olympic Dam expansion and just hours before a joint venture between Gina Rinehart's Hancock Coal and GVK won approval from the federal government.
|Australian Resources Minister Martin Ferguson.|
|Australia's Opposition Leader Tony Abbot.|
|Australia's Finance Minister Penny Wong.|