Good to see a lively to and fro with different considerations!
The difference between the two- Indonesia and Australia- is that Australia doesn’t just keep doing business the same way- we continually strive to improve conditions.
Australia has seen a 65% reduction in fatalities from 2003 to 2015. Call me lazy but I’m assuming that a lack of big news means that trend has continued, or at the very least our rates have not climbed:
https://www.amsj.com.au/mining-fatality-rate-falls-in-2020/
Indonesia meanwhile appears to be headed the other way with more and more harm to all including locals, very sadly including a high number of children dying:
https://news.mongabay.com/2021/02/indonesia-abandoned-mining-pit-death-toll-report/
Then we have the workers:
https://www.abc.net.au/news/2022-12-10/indonesia-coal-mine-explosion-10-miners-dead/101757348
https://www.abc.net.au/news/2023-02-19/indonesian-nickel-smelter-workers-allege-unsafe-conditions-/101975708
The problem is so big that plans to build a new Indonesian capital are being affected:
https://www.eco-business.com/news/indonesias-plan-to-relocate-its-capital-hampered-by-exposed-mine-pits/
Taken as a whole, we see that all of Indonesian society is being affected once we remember the issues of toxic discharge etc damaging people’s ability to even feed themselves ( I may have posted this one last year but oh well ) :
https://www.abc.net.au/news/2023-12-20/women-lead-fight-against-nickel-miners-indonesia-wawonii-island/103188324
Then there’s deforestation, tailings dams issues- Indonesia has far higher rainfall & earthquake activity than Australia, in particular WA which has low rainfall & basically no seismic activity that is sufficient to cause concern.
Different minerals but it’s all the same issue:
https://news.mongabay.com/2022/08/china-backed-mine-in-indonesia-poses-high-risk-world-bank-watchdog-warns/
All in all it appears that Indonesia has been doing a lot to keep these issues quiet but that can only work for so long. Ergo I change only conclude that our main nickel competitor will see costs rise faster than they will here in Australia.
Then of course we have Australia’s close & very real strategic ties to the U.S., EU & Japan etc.
All of that means our project becomes more advantaged as time goes on, from a financial, environmental, strategic & even human cost perspective. I firmly believe Ardea will have its day & we’ve all seen what happens when just a couple bits of good news hits our share piece- tripling in just days.
if positive factors are roads? All roads lead to Ardea.
- Forums
- ASX - By Stock
- Pertinent market/industry news/articles
Good to see a lively to and fro with different...
-
- There are more pages in this discussion • 322 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ARL (ASX) to my watchlist
(20min delay)
|
|||||
Last
86.5¢ |
Change
0.015(1.76%) |
Mkt cap ! $181.2M |
Open | High | Low | Value | Volume |
90.0¢ | 95.0¢ | 86.0¢ | $290.8K | 323.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 11182 | 85.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
86.5¢ | 6840 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 11182 | 0.855 |
4 | 10930 | 0.850 |
1 | 1500 | 0.840 |
1 | 17500 | 0.805 |
1 | 6250 | 0.800 |
Price($) | Vol. | No. |
---|---|---|
0.865 | 6840 | 1 |
0.880 | 1500 | 1 |
0.895 | 14215 | 1 |
0.900 | 11091 | 2 |
0.910 | 20440 | 2 |
Last trade - 11.52am 29/04/2024 (20 minute delay) ? |
|
|||||
Last
86.5¢ |
  |
Change
0.015 ( 1.17 %) |
|||
Open | High | Low | Volume | ||
91.5¢ | 92.0¢ | 85.5¢ | 57577 | ||
Last updated 12.03pm 29/04/2024 ? |
Featured News
ARL (ASX) Chart |