Australia cannot survive without iron ore mining

The mining industry is very important to Australia's economy and existence, said 60-year-old owner and chairman of Hancock Prospecting, Gina Reinhart, who recently invested $ 10 billion in the Roy Hill iron ore mine, which is still under construction.

Rhinehart is one of the richest women in the world, and in 2013 she was fourth and in 2014 the sixth on this list. During the annual Lunch at a meeting of representatives of the extractive and related industries, Reinhart said that in a country with record debt, mining generates export revenues of more than $ 200 billion a year, which is very important for the development of the country's economy.

In addition, she stressed that the mining industry provides jobs for hundreds and hundreds of Australians in many regions of Australia. These are areas where there would be no available jobs at all. Also, the mining industry indirectly employs a huge number of people in other regions associated with the mining business. Falling iron ore prices make life difficult for these people as jobs are cut.

She highlighted the performance of Narendra Modi, Prime Minister of India, whom she described as an "attractive leader" for economic development. In particular, she highlighted his achievements in increasing the motivation of small businesses and small business leaders, which opened with the introduction of new rules and regulations. She asked the Australian government to follow Modi by removing regulations that hinder business. She called for policies that promote investment growth, provide permanent jobs for the unemployed, and improve the living standards of the local population.