Australia's Decade Long Mining Boom Comes to an End
Australia's decade long mining boom has finally come to an end. Geologists have been hit the hardest with unemployment figures soaring to 6.1% at the end of 2012.
Australia's mining sector was protected from the effects of the 2008 financial crash and subsequent world economic troubles as huge demand from China saw $400 billion in investment, and salaries in the sector rise to at least six figures for everyone from geologists to truck drivers.
With a reduction in that Asian demand the mining sector is starting to feel the effects of the difficult economy.
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