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Australia’s mining boom – a dirty business : Comments
By Helen Lobato, published 13/1/2012To accuse the mining industry of murder may seem overly dramatic but...
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Here are some responses to substantive issues.
1. The poster who refers to royalties as taxes displays a deep ignorance of the mining industry and economics. Farmers pay a price to buy their land, that is not tax. Miners pay royalties to buy the right to exploit a resource. That is an input, or purchase price, not a tax, although the two things were dishonestly confused by the mining companies' demagogic campaigns against the Rudd and Gillard mining taxes. The Rudd tax would have secured a much fairer return for the majority of Australians, but the Labor Party buckled to big money, which is a bit of a habit for it these days.
2.Matthew Benns' book is about producing mining companies, not explorers. The poster who introduces that point does so in the hope of obfuscating, not clarifying.
3. None of the critics of the review appear to have read the book, yet want to hold forth on the review. It would be a good idea to read the book so you have some idea what you're talking about. What I see here is mainly general assertions with a neoliberal bias (no tax, low tax, flat tax, etc), with very little substance.
4. The book is about the operations of Australian, and Australian-linked mining companies overseas as well as in Australia. The Ok Tedi disaster is one of many, and it is still going on in the hands of another company, although it is scheduled to close this year. Damage done, mineral wealth removed, leave the locals to clean up the mess; tell me the old, old story.
I could go on, but I've reached my word limit and I'm not convinced of the value of grappling with such ignorance and arrogance.