Media playback is unsupported on your device

Pressure on Australian mining, says resources minister

18 October 2012 Last updated at 01:23 BST

"The commodity price boom is over, and you've just got to accept that," says Australian resources and energy minister, Martin Ferguson.

He explains how his country will have to come to terms with the slowdown in Chinese demand for the minerals it exports.

And he warns that the country has "taken its eye off the ball".