Miners maybe targets for re-unionising

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from Eureka ReportIt’s been a long time since Rio Tinto was on a stockbroker’s Sell list, which is hardly surprising as the big coal, copper and iron ore producer has trebled in price over the past four years, from $28.40 to $86.85 at the close on Friday.But deep inside the research department of the more thoughtful broking houses, especially those with a grasp of history, a warning bell is ringing because Rio Tinto is at the top of a union movement hit-list.Other companies are also on that list which is similar to the private school hit-list drawn up by former ALP leader Mark Latham, when he was leader of the Australian Labor Party before the last federal election.BHP Billiton is probably second as a target for “re-unionisation”, especially of its iron ore and coal divisions. The current darling of some stockbrokers, Fortescue Metals, is also high on the list because it will be at its most susceptible to workforce pressures early next year, just before its scheduled first iron ore shi

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