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The coming boom : Comments
By Paul Collits, published 27/9/2012Regional communities in the Galilee Basin are preparing for the varied impacts of surging mining activity.
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I lived in the Pilbara for 5 years. The iron ore and gas of that region has lasted for 50 and 30 years respectively and and no doubt has decades to run yet. Instability of population and housing has been an issue all that time; we bought a house for $50,000 in a 'lull time', sold it for 70,000 and now it could be worth 700,000. Crazy stuff. The huge wages mean nothing if no quality of life results, both for workers and locals.
But thermal coal? This is an entirely different commodity - increasingly 'dirty and dangerous' as a major cause of man made global heating. Does it have a safe secure future as an export commodity like iron ore and gas? I doubt it and I certainly hope not. In that case there is a fair likelihood that the whatever is built in the Galilee will be 'ghost infrastructure' in 20 or 30 years, just like scores of other mining settlements around Australia but perhaps on a much larger scale.