The Forum > General Discussion > mining boom or bust?
mining boom or bust?
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Posted by Yabby, Thursday, 6 May 2010 4:16:14 PM
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“Frankly in my eyes they (EPA) don't have much credibility left.”
Agreed Yabby. However, the bores on pastoral stations have been closed due to the cancellation of pastoral leases for conservation, a consequence of the wholesale environmental carnage your industry has committed in outback Australia. In 2000, Mike Letnic of the School of Geography at UNSW warned that ‘there is insufficient attention paid to the role that pastoralists and their management strategies play in the dispossession and degradation of arid Australia. ‘ A historical overview of ecology and land management suggests that the fragility of Australia's arid ecosystems was identified over 100 years ago, and despite repeated calls for reform, effective regional management schemes are still vehemently opposed by pastoralists. ‘I argue that, until the role played by pastoralists and their management strategies in the degradation of arid Australia has been adequately communicated, pastoralists will remain a powerful political lobby capable of thwarting the implementation of sustainable land management practises.’ Greed and ignorance and the consequences predominantly caused by your powerful political lobbying industry in WA now sees salinity engulfing the equivalent land mass of 19 football fields per day. Thanks predominantly to your industry, the S/W of WA is officially listed as one of the planet’s biodiversity hotspots with 600 threatened plant and animal species. Now your industry is screeching about the land grabs by the mining industry – pot - kettle = hypocrisy! Meanwhile and to appease human vanity, the self-regulated opal mining industry at Coober Pedy has left approximately 2 million abandoned opal mine shafts, the legacy of exploratory drilling, not from >60 years ago but the last 30 years, sitting uncapped, ready to entrap the unknowing victim. Results published in the journal, Ecological Management and Restoration this year, advise that uncapped opal mines in the area are killing as many as 10-28 million reptiles per year. So it remains, two steps forward for society and three steps back but get your hard hat on Yabby. One way or another, the unevolved primitive species, Homo-erectus, clutching obscene bags of blood money, is now being threatened with extinction. Posted by Protagoras, Thursday, 6 May 2010 6:54:32 PM
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Pelican >>>One mining company recently complained its profits went down to a mere $US5.877 Billion.
And there in lies the problem pelican. A mining company invests billions to make millions, often their investment is to no evail. On the other hand, banks, who simply enter into a commercial lease, pay the rent, pay the wages, have guaranteed 'low risk' business, yet make similar profits. Why don't we tax the banks and their 'super profits' as well? And Belly, I have no problem with a 'super tax', in fact, I think it's a great idear. The only problem is the way it is planned. If a minier invests say $1billion in the hope of returning say $100million, they will think twice if the return is reduced to say $40 million or less. They may well say, 'not worth the risk' and this is the cruts of the matter. Tax the minerals, not the miners. Posted by rehctub, Thursday, 6 May 2010 8:45:36 PM
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*However, the bores on pastoral stations have been closed due to the cancellation of pastoral leases for conservation *
Err so we shut down the bores and let any remaining stock and wild animals die of thirst. How sweet. Next the grass grows tall with nothing to eat it, one lightning strike and the whole lot goes up a huge wildfires, killing anything that remains. Wow, what conservation measures! Pastoral leases are quite sustainable, if they are not overstocked. Some pastoralists do the right thing, some dont'. Govt could easily legislate on that one, to make it sustainable. But it won't matter now, for wild camels are moving in. They can do without the waterholes and simply trample the lot. Do you even understand why salinity became such a problem in some areas? Govt released CP blocks and forced farmers to clear the lot, as part of the conditions. If they did not comply, they could lose their land. Now you want to blame farmers. No more spin please Dickie! Yes some species are threatened in WA. Ask somebody who works for Calm, they will tell you the reason. Foxes and wild cats, wiping them out. *So it remains, two steps forward for society and three steps back but get your hard hat on Yabby.* No need for me to get anything on Dickie. For I live in relative bliss, away from the rat race. The land that I care for, is now in far better nick then when I took it on and its farmed sustainably. If it continues to improve until I fall off the proverbial perch, then I will have done my bit. If humanity can't see the problem of increasing the global population by a quarter million people a day, despite my efforts to raise this as an issue for the last thirty years or so, there is nothing I can do and I don't tend to worry about things that I cannot change, its pointless. If the human race takes things over the edge, then so be it. I won't be here. Posted by Yabby, Thursday, 6 May 2010 9:33:42 PM
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“Err so we shut down the bores and let any remaining stock and wild animals die of thirst. How sweet.”
“How sweet?” Yabby – Your deluded state of mind is obvious and I understand that all this stuff is way over the head of old timers because on an abandoned pastoral station, there would be no stock remaining and if there were, the owner risks prosecution. Furthermore if you wish to know which industry is responsible for wiping out massive numbers of wild animals, look no further than your lonely and childless old self who continually boasts: “I’m alright Jack - bugger everyone else.” Crikey: “Digging through the mining industry’s lies” ‘Don’t believe a single word you read in the mainstream media from the mining industry about the impact of the Resource Super Profit Tax. ‘The mining industry routinely and systematically lies about government policy, with a long-running Chicken Little act about even the smallest policy changes that might affect it. And most of the media uncritically recirculate their lies, either because journalists aren’t sceptical and informed enough to subject their claims to analysis, or because they complement the smear campaigns run by the right-wing media. ‘The Government will now be criticised for attacking the mining industry, which is dominated by vast multi-nationals generating billions of dollars……’: http://www.crikey.com.au/2010/05/04/how-can-you-tell-the-mining-industry-is-lying-its-issued-a-press-release/?source=cmailer And all these threats of going offshore! Well Rio’s not fussy with whom they do business and has a JV with the Iranian government at the Rossing uranium mine in Namibia. Let the multi-nationals do a deal to erect their lethal third world smelters in Iran. They can then flog off the existing smelters in Australia which are built on freehold land before they sod off. The land, on which the mining tenements are leased and the resources belong to Australia! Tough! http://www.financialpost.com/news-sectors/story.html?id=1453493 Posted by Protagoras, Thursday, 6 May 2010 11:45:53 PM
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Rehctub, you make a very valid point. The big winners
from all this, will be the Chinese. They can afford to mine with zero profits, so will pay zero tax, for of course with Chinese accounting, all profits can be made by value adding in China. Australian taxpayers will be the losers. With companies like BHP, who are majority Australian owned, they are accountable and pay tax right here in Aus, to the tune of 43% of profits. But it will pay BHP to make future investments elsewhere, where taxes are lower then the new Australian rip off. Dickie dear, we know what's dying on these old stations, the press went and had a look and found bodies everywhere. Even kangaroos and other wildlife, can't now get a drink. Sounds like you are a bit old to understand the irony of my post, but never mind, you can't help it, fair enough. I live by example, if everyone lived as sensibly as me, the world would not have a problem. But I refuse to become a hysterical old tart like yourself, due to human stupidity, for which I can't be blamed. Where Iran invests its money, has little to do with this discussion, but that is apparently beyond you. Perhaps you should have another cup of tea and a nice lay down for a while Posted by Yabby, Friday, 7 May 2010 8:58:41 AM
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rather then my dear. Old dears is what we call you geriatrics.
There was silly me thinking that industry used lots of industrial
diamonds and the electronics industry used gold etc. The point
is, its not up to the mining industry to decide wether people
should be able to buy gold wedding rings, its women like you who
insist on marriage with all the bells and whistles.
We know all about how the EPA do their job. Just shut off the
water on those stations taken over, let those creatures die of
thirst. Then let the wild dogs breed with wild abandon. Frankly
in my eyes they don't have much credibility left.
The fact is that our state and nation rely on mining for a living,
we are stuffed without it, that is the reality.
I personally would not work in a mine, its not my scene. Its up
to workers who do, to make sure that they work in safe conditions.
By what I can see from the people doing fly in fly out, far from
silicosis, their biggest problem is how to spend their paycheques,
or the worry of the wife shagging somebody else, whilst they are
out making a living up North.
I am the first to admit that I enjoy living in a a lovely and natural
environment, which I do. But I also accept the reality that if
humans want to breed like rabbits and head from 7 billion to
10 billion, despite my protests, they then want everything that
opens and shuts too, that I am not so foolish to blame the mining
industry, rather consumers such as you.