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Australia miners need to slash costs to keep projects alive

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TIM CHONG

Martin Ferguson, Australia's minister for Resources, Energy and Tourism, poses for a photo after an interview at the Australian High Commission in Singapore October 16, 2012. REUTERS/Tim Chong

Martin Ferguson, Australia's minister for Resources, Energy and Tourism, poses for a photo after an interview at the Australian High Commission in Singapore October 16, 2012. REUTERS/Tim Chong
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� Stringer Shanghai / Reuters

A woman runs past the reception desk of the Rio Tinto Limited Shanghai Representative Office in Shanghai March 22, 2010. REUTERS/Stringer

A woman runs past the reception desk of the Rio Tinto Limited Shanghai Representative Office in Shanghai March 22, 2010. REUTERS/Stringer
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