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Crank up mining royalties on Iron ore, page-200

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09/11/20

21:18

Post #: 48748810
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Originally posted by pintohoo: ↑

"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

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and go Nuclear.
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Crank up mining royalties on Iron ore, page-200

Mako sniffs gold at 170 g/t at Cote d’Ivoire's Napié play

Antipa divests its Citadel interest to JV partner Rio for A$17M, refocuses on Minyari Dome

Vulcan appoints investment bank and M&A veteran to board

Metals Australia kicking off plant study at Lac Carheil; Canadian tariff tailwind potential

Utah authorities sign off on Anson's lithium extraction plans at Green River

Medallion Metals kicking off 15,000m drill run at Ravensthorpe gold play

Olam Agri raises Namoi takeover offer to 75 cents a share and receives shareholder backing

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Crank up mining royalties on Iron ore, page-200

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