The shortage of skilled manpower in Australia's iron ore sector has been seen to improve.

"We do see a cooling," Nev Power, managing director of Fortescue Metals Group, told reporters on the sidelines of the Diggers and Dealers mining conference in Kalgoorlie, Australia. "That skills shortage has not occurred to the extent people expected."

Australian miners, especially those in the iron ore sector, had particularly blamed the country's lack of trained mine workers as culprit or cause of delay to pushing new developments and projects.

Now on its third year, Australia's mining boom sent mining companies, such as Fortescue, Rio Tinto and BHP Billiton into a labour issue frenzy since each definitely would prefer skilled labour in their respective mines. In fact, Andrew Forrest, Fortescue founder, has headed a group to train 50,000 Australian Aboriginals to work in its mines, Reuters reported.

In June, Australian Prime Minister Julia Gillard said special visas for more than 1,700 foreign workers would be given, effectively opening doors to potential jobs immigration.

Across Europe and the United States, jobs fairs announcing potential work in the resources sector of Australia often elicit thousands of attendees.