Lovesick Miners Swell Majors' Costs
Source: Bloomberg, Angus Whitley (8/22/11)
"Heartache is a headache for mining companies trying to attract workers in locations like Kalgoorlie and the Queensland coal town of Glenden, where there are 23 unmarried men in their 40s for each single woman."
Ten minutes' walk from Australia's largest open-pit gold mine, 35-year-old driller Matt Brown swigs a beer in the bar of the Rock Inn Hotel and laments one of the biggest problems of the mining boom: a shortage of girlfriends.
The heartache in places like Kalgoorlie and the Queensland coal town of Glenden, where there are 23 unmarried men in their 40s for each single woman, is a headache for companies like Rio Tinto Group that are trying to attract workers. The biggest commodities boom since the 1850s Gold Rush has sapped the supply of Australians willing to adopt Brown’s lifestyle, even with wages that are double the national average. . .View full article