loafer, is it reasonable for rio to bank the tenement away for 20 years?
if you pay taxes, you have every right to expect the doir to protect the taxpayers assets and get a relatively swift return on those assets which you the tax payer via the government have entrusted to rio.
do you understand it is the wa tax payers land, not rio's????
have rio acted in the best interest of the public or the best interest of themselves for 20 years by banking the land away as a strategic holding????
regardless of who has claimed the land, be it caz or anyone else, they deserve serious consideration if the can prove that they can adequtely serve the interests of wa tax payers after 30+ years of inactivity and blatent disregard.
if caz don't meet their agreed obligation over the course of their 5 year lease then they should also suffer the same fate as rio should now be facing.
wa markets it's LOW sovereign risk to promote mining investment. see below.
Reasons to Invest in Western Australia
Investing in Western Australian industry and resources can be a rewarding experience. Here are ten good reasons why:
Proximity to expanding markets in Asia
Low sovereign risk and pro-development government policies
World-class infrastructure - solid and reliable ports, roads, airports, communications and energy supplies
A highly skilled and innovative workforce which is internationally recognised
High productivity - solid returns versus establishment and operating costs
Climate, lifestyle and high quality medical and education systems are the envy of the world (the London-based Economist Intelligence Unit recently rated Perth as the equal fifth most liveable city in the world)
Abundant and competitively priced energy, especially gas
A proven track record in successful projects
Strong growth potential
Timely, quality government assistance and advice for investors
A wealth of geological information for explorers
A network of overseas trade offices to assist with the marketing of Western Australian goods and services
ITS OUR LAND RALPH!!!!!
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