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Foreign Ownership of our Mines, page-2

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26,698 Posts.

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27/02/20

09:24

Post #: 43179817
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Originally posted by moorookamick ↑

According to the Australian Institute 86% of "our" mines are foreign owned. No wonder the average Aussie is indifferent about our resources
because we have been (like frogs boiling) gradually dispossed.

Is it now time to Nationalise these resources so that the average Aussie has skin in the game?
Indonesia ( we consider it a 3rd world country) has a COW System whereby 51% of its mines are
Indonesian owned within 10 years of the commencement of mining.

Should we be considering a similar regime?

https://www.tai.org.au/content/unde...ate-influence-through-australian-mining-lobby

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What other part of Australian life is not majority owned by foreigners,banks, insurance, medical system etc etc

Even the most stupid poor countries of the world do not allow this to happen
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