if the orginal signitories to the rhodes ridge agreemant had of developed the deposit as per the agreement then:
RIO could adequately meet the current increase in demand from China
the WA economy would have benefited from the original capital expenditure on infrastructure, as required in the agreement
there are downstream IO processing requirements as part of the agreement so again the WA economy has missed out on potential R&D and manufacturing industries
the WA govt would have recieved royalities on exported IO and the potential for greater social infrastructure spending e.g hospitals, schools
the Fed govt has missed out on potential company income taxes and again the possible uses of those taxes
those agreeing RIO's case fail to see the big picture as understood by the politicains drafting the agreement.....but somewhere alng the way RIO etc found a way to continually stall the development of rhodes ridge and the only resaonn can be warehouseing till better prices came along!! WA has been the biggest loser by non-development of rhodes ridge
unfortunately the current politicains cant see past the end of their nose, let alone 2 - 5 years down the track
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if the orginal signitories to the rhodes ridge agreemant had of...
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