Australia is very quickly losing it's tier 1 mining jurisdiction.
Glencore cancelling it's $2b Valeria coal project in QLD because of the increased Royalty.
Now we have the Federal Government sneaking late Friday afternoon legislation to what amounts to nationalising the Gas industry.
Give me Africa any day, soon the sovereign risk discount will go the other way.
And good luck getting any new projects approved in Australia
General Discussion, page-2759
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