From Clyde Russell:
When the going gets tough, the tough ask for tax relief. If you are looking for a sign that the end game of the commodity downturn is getting closer, witness the clamour for more support from Australia’s embattled resources sector.
Asking for government help is one of the last steps a mining company can take to stay alive, assuming it’s already exhausted every conceivable cost saving, emptied the pockets of its owners and reached the limits of what its bankers will lend.
