Tycoon says Australia treating mining firms as ATMs

Australia’s richest person Gina Rinehart on Friday accused the government of using the mining industry as an ATM, warning of an unhealthy reliance on the sector and unsustainable debt levels.

In a speech to the Australian Mines and Metals Association conference, the outspoken tycoon, chairman of Hancock Prospecting, cautioned that without reform Australia risked the debt problems faced by countries like Greece.

via Business feed http://www.scmp.com/business/economy/article/1239662/tycoon-says-australia-treating-mining-firms-atms