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No hiring if an AI can do the job, staff at mining giant told
- ares623 3mo agosmh indeed
- mDyJzDPmBdG 3mo agohttps://archive.is/20260716060153/https://www.smh.com.au/business/workplace/no-hiring-if-an-ai-can-do-the-job-staff-at-mining-giant-told-20260713-p60eth.html https://archive.is/20260716060153/https://www.smh.com.au/bus...
- EdwardDiego 3mo ago> $11.5B mining giant Mineral Resources That made $154 million profit on $5.3 billion revenue in 2024. So about 1.1% (rounding up) return on capital. While Fortescue (FMG), still not the largest Aussie mining outfit, made a profit of $5.6 billion on revenue of $18.2 billion in the same period, with assets of $30 billion, so about 19% (rounding up) return on capital. But yeah, totally, MR is a mining "giant". For some reason, I don't think emulating them would be a very good idea. _Conflict of interest disclaimer:_ I did a consulting gig for FMG several years back, but have absolutely no dog in this fight aside from being sick to death of breathlessly naïve and exaggerated "reporting" any time some C-suiters do something stupid AF involving AI.