Managing our Decline

Originally posted by Verminski ↑

Ok start with this:

First thing you need as stated above in response a firm strategy based on industry type and what you aim to achieve. short, medium and long term.

Next you legislate that future licenses for mining across (the strategy minerals) multiple resources have conditions applied that agreements be put in place to support that strategy.

Gov incentivises big miners to diversify into the strategy and help develop the new markets.

Gov. also incentivises universities and small business to join the fray.

Infrastructure review is continuous and developed on a state/fed basis to accommodate the growing hubs (share possible to create hubs). Mines can actually transport to industrial hubs and hubs to port.

Large mining and other industrial groups should be incentivised themselves in R&D.

With respect to current fossil fuel industries. A definitive plan to transition based on the new developments within the strategy.
Where hubs are developed in regional areas, states to pick up the social aspect for growth in jobs and transportation.

With respect to doing the dirty work. Hydrogen produced by renewables for primary source production process. Why ship shit out overseas, bring empty ships back and import materials / fuel from overseas? It’s self defeating.

I would tide projects like Iron Boomerang to transition at the outset from fossil to pure green steel output. We could have mix and match them transition over time to fill green production.

Assess within the med / long term, what other industries develop, there will be a lot. Also the transport network and liveability outside major capitals improves over time.

As we develop we bring in targeted immigration, this has the possibility to become massive.

Oh and there are two sites accepted for nuclear waste in SA and we can still use them and quite a few others. so where else can we make money.

Under no circumstances do we shoot ourselves in the foot legislating one thing to stop the big miners doing what they do now. We transition, we make it their interest to do the right thing.

In essence the lead is on Gov. Fed then States backfill
appropriately. Coordination can be done between the various levels of Government. They pandemic proved that early doors.

Add in the distribution for farming and supplies to hubs and you find a lot of other diversified industry elements have to adopt a better approach.

You have to make it a systemic process. And let it change your economic way of life - I.e. money for something, not housing or other asset bubbled rubbish. The American way has to die in Australia. It’s a false god.

But will Gov? Not this lot. They are and have been a shower for a long time.

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"Ok start with this:

First thing you need as stated above in response a firm strategy based on industry type and what you aim to achieve. short, medium and long term.

Next you legislate that future licenses for mining across (the strategy minerals) multiple resources have conditions applied that agreements be put in place to support that strategy.

Gov incentivises big miners to diversify into the strategy and help develop the new markets."

ok, lets just take the above chunk first

1. "First thing you need as stated above in response a firm strategy based on industry type and what you aim to achieve. short, medium and long term."

I agree ------- first up ------------- I want to know what the objective is

eg. --------- is it 'jobs' is it 'taxes' is it' royalties' etc etc.

2. "Next you legislate that future licenses for mining across (the strategy minerals) multiple resources have conditions applied that agreements be put in place to support that strategy."

arrrrh ------ you want to read that again?? ----------------- IF you stick by that idea -------------- IMO - there isn't a snowballs chance in hell of that getting though in Australia -------------- indeed - the snowball would be race favourite in comparison

1. States would NEVER agree
2. Liberals would NEVER agree
3. Mining companies would kick up a hell of a stink
4. you could basically say goodbye to foreign investment in mining

3. "Gov incentivises big miners to diversify into the strategy and help develop the new markets."

ok ----------- here to me is one of the biggest issues ---------- YES - I agree this is one method that you 'could' do to make it work ---------

BUT - understand what you are saying - you are saying that the Australian government is going to SUBSIDISE foreign mining companies to build downstream processing ----------

now - think that through --------------

a. how much is that going to cost?????

b. WHERE'S THE PROFIT FOR AUSTRALIA - which gets back to point 1. (objective).

c. examine the above in the light of that these sorts of industries are low margin AND you aren't going to get any more royalties at all, because the dirt is already being dug and sold ---------- in fact - you MIGHT have to give up your royalty streams to swing the deals --- and, these sorts of industries are risky - ---------- ask aluminium companies and steel makers

look - I might feel vastly different if we (Australia or Australians) actually owned the resource companies ------------- BUT, we don't - someone else does.

So - how about this ------------- would you think about subsidising Microsoft or Apple to set up manufacturing plants in Australia to make iphones and MS computers or software??

Would we be happy and prepared to offer MS and Apple 10's of BILLIONS of dollars to come to Australia to make their products --

we would have to offer them enough to be able to outcompete China -

so, we would probably have to make it

tax free
give them up front payments to build the factories
long leases
pay for them to bring in staff
house them
etc etc

1. what would be the benefits for us?
2. would we be prepared to do that?

dumb idea or smart idea???

because ----------- it's exactly the same idea as downstream processing of our natural resources ----------- it's exactly the same

why?? ---------- because we do NOT own the resources