"f we process 10% of this into high quality steel (say high quality pipe & pipe fittings which is the biggest segment of global steel exports),
that would amount to 40 million ton of finished steel with an export extra value of $180 billion. This would add about 8% to our GDP"
who is the 'we'??????????????
is we the current foreign owners?? ---------- if that's the we - then, they get the profit ------------- not Australia
if it went ahead ------ would 'they' fund the infrastructure?? - or would 'we' the government of Australia have to fund it so that the foreign owners get more profit?
if 'they' are to fund it -------- why aren't 'they' already?
let us not forget that 'we' -------------- Australians - have sold off the vast bulk of our mining companies and that basically all 'we' get back now are some royalties
if 'we' try and up the royalties - then 'they' will bugger off to somewhere else
I'm afraid there's no answer of any pragmatic value at all here besides going really radical
and, we sure won't do this one -
hit up the planet for a HUGE ++++++ loan - and, buy back the mining companies - then, build steel factories and the like
default ------------ then, pay back on a payment plan when we get ALL the income from mining and manufacture
if that's not palatable ------------ then, forget the fantasies and look at something smarter
