Australia is the “gold standard”: BHP

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Despite global economic uncertainty BHP Billiton CEO Marius Kloppers says Australia is the "gold standard" country to invest in and has some of the best mining operations in the world.

Yesterday BHP recorded a strong first half profit of $9.2 billion, but fell just short of analyst’s expectations of $9.27 billion.

AAP reports that in a conference call yesterday Kloppers said he remained cautious about 2012’s outlook, particularly with the skills shortage in Australia, but was confident of mining’s fundamentals.

"If we think in the long run we are very fortunate as a country in these unstable times in terms of international credit availability and amounts of investment,” he said.

"I said to somebody the other day that Australia was the gold standard and has been the gold standard and therefore has the very best companies in the world operating here."

Kloppers said the current instability in the Gillard Government was not a major concern for mining companies.

"What is important to us is that we don’t get discontinuities like we nearly had with the MRRT two years ago," he said.

Kloppers said this certainty was something that "occupies a significant share of mind at the moment".

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