WDS 1.48% $24.00 woodside energy group ltd

You're 'avin me on, page-14

  1. 14,311 Posts.
    lightbulb Created with Sketch. 706
    I am just wary of the importance of personal "relationships" and the obligatory donatioons of cassowaries and pigs and the need to return perceived favours in the PNG culture.  I look at what can happen when things go wrong with these difficult and complex relationships.  See Bogainville  and Lihir as good examples where locals shut down major investments in attempts to force a better price (payback).

    http://www.smh.com.au/business/mini...crest-minings-lihir-mine-20150608-ghjjvr.html

    http://www.miningaustralia.com.au/News/Rio-Tinto-reviewing-future-of-Bougainville-copper

    On Bogainville there was a civil war on the island because one group thought they should get a bigger share of royalties.  Mine has been out of action for 20 + years

    If there is big $ involved then all it takes is for locals or govt officials to think they aren't getting their share and they will exact payback through sabotage and any other necessary means doing or not doing deals till the price is favourable to them.

    http://www.abc.net.au/news/2015-07-28/ok-tedi-mine-suspends-production-stands-down-workforce/6654806

    Since the 1980s, the Ok Tedi mine created billions of dollars of revenue for Australian company BHP but waste dumped into the river system caused widespread damage. BHP handed over its majority share to a local trust in 2001 in return for legal immunity. In 2013, the PNG government passed legislation to take over the PNG Sustainable Development Program – effectively nationalising the mine.
 
watchlist Created with Sketch. Add WDS (ASX) to my watchlist
(20min delay)
Last
$24.00
Change
0.350(1.48%)
Mkt cap ! $45.56B
Open High Low Value Volume
$23.74 $24.03 $23.71 $125.4M 5.243M

Buyers (Bids)

No. Vol. Price($)
2 477 $23.99
 

Sellers (Offers)

Price($) Vol. No.
$24.02 1177 1
View Market Depth
Last trade - 16.10pm 15/11/2024 (20 minute delay) ?
WDS (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.