From the Land of Oz, More Enragingly Accurate Wisdom

Broken promises mark foreign mining deals (ROB, Globe):
When reviewing BHP’s application, Ottawa might also want to consider comments made in 2008 by BHP’s chairman at the time, Don Argus. Calling on his fellow Australians to continue investing in domestic mining assets, he cautioned that Australia’s resource sector was at risk of becoming globally irrelevant – just like the mining sector of another former British colony.
“If we fail to remain competitive,” the BHP chairman warned, “Australia will incur a substantial opportunity cost and in the worst-case scenario, our resources will fall into overseas hands and we will also become a branch office – just like Canada.”