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30/01/21
20:40
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Originally posted by pintohoo:
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"Ok start with this: First thing you need as stated above in response a firm strategy based on industry type and what you aim to achieve. short, medium and long term. Next you legislate that future licenses for mining across (the strategy minerals) multiple resources have conditions applied that agreements be put in place to support that strategy. Gov incentivises big miners to diversify into the strategy and help develop the new markets."ok, lets just take the above chunk first 1. "First thing you need as stated above in response a firm strategy based on industry type and what you aim to achieve. short, medium and long term." I agree ------- first up ------------- I want to know what the objective is eg. --------- is it 'jobs' is it 'taxes' is it' royalties' etc etc. 2. "Next you legislate that future licenses for mining across (the strategy minerals) multiple resources have conditions applied that agreements be put in place to support that strategy." arrrrh ------ you want to read that again?? ----------------- IF you stick by that idea -------------- IMO - there isn't a snowballs chance in hell of that getting though in Australia -------------- indeed - the snowball would be race favourite in comparison 1. States would NEVER agree 2. Liberals would NEVER agree 3. Mining companies would kick up a hell of a stink 4. you could basically say goodbye to foreign investment in mining 3. "Gov incentivises big miners to diversify into the strategy and help develop the new markets." ok ----------- here to me is one of the biggest issues ---------- YES - I agree this is one method that you 'could' do to make it work --------- BUT - understand what you are saying - you are saying that the Australian government is going to SUBSIDISE foreign mining companies to build downstream processing ---------- now - think that through -------------- a. how much is that going to cost????? b. WHERE'S THE PROFIT FOR AUSTRALIA - which gets back to point 1. (objective). c. examine the above in the light of that these sorts of industries are low margin AND you aren't going to get any more royalties at all, because the dirt is already being dug and sold ---------- in fact - you MIGHT have to give up your royalty streams to swing the deals --- and, these sorts of industries are risky - ---------- ask aluminium companies and steel makers look - I might feel vastly different if we (Australia or Australians) actually owned the resource companies ------------- BUT, we don't - someone else does. So - how about this ------------- would you think about subsidising Microsoft or Apple to set up manufacturing plants in Australia to make iphones and MS computers or software?? Would we be happy and prepared to offer MS and Apple 10's of BILLIONS of dollars to come to Australia to make their products -- we would have to offer them enough to be able to outcompete China - so, we would probably have to make it tax free give them up front payments to build the factories long leases pay for them to bring in staff house them etc etc 1. what would be the benefits for us? 2. would we be prepared to do that? dumb idea or smart idea??? because ----------- it's exactly the same idea as downstream processing of our natural resources ----------- it's exactly the same why?? ---------- because we do NOT own the resources
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‘Next you legislate that future licenses for mining across (the strategy minerals) multiple resources have conditions applied that agreements be put in place to support that strategy. Gov incentivises big miners to diversify into the strategy and help develop the new markets." ’ You legislate so you do own the minerals. And incentivise them to take part. If they don’t they finish what they have now and go. And make it damn hard for them to manoeuvre. Government needs balls and a will for the country. Oh and taking resource back in house? It’s strategic resource - security. Would the Yanks pull that in our place? Hell yes. You have to play hardball. And if the big miners aren’t in the game, there will be Australians who will want to be in it. For good of country. The Gov. legislates in their own favour all the time so they’re untouchable. So legislate this and make it untouchable. It’s like Yanks paying tax to America even though they do billions here. Like I say, if you don’t try, we die. You always look in the negative across all things Australian. For once try to see a positive.