Mining magnate Gina Rinehart says Australia is too expensive and too many companies are now looking overseas to start new mining projects.
In an address to the Sydney Mining Club Rinehart said as mining companies went offshore the jobs and benefits of their projects would also be lost.
"It seems too easily forgotten that people who know what it is to hire people, even thousands of Australians, also understand better than most what could prevent them from doing so," she said.
"Now, the evidence is unarguable — that Australia is indeed becoming too expensive and too uncompetitive to do export-orientated business."
Rinehart said mining companies were forced to sell their product on the global market, not at Australian prices, and the burden of high costs was hurting businesses.
"What was too readily argued as the self-interested complaints of a greedy few is now becoming the accepted truth, and more ominously, is showing up in incontrovertible data," she said.
Watch the video: