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 Mining Boom what mining boom

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T O P I C    R E V I E W
bigcol Posted - 15 Feb 2012 : 09:53:06

This is an absolute disgrace by state and fedral governments and by filthy rich bastards.

Anybody that reckons we don't need a mining tax is once again living in denial.
Abbott and his mates campaigned against and the Labor party didn't have the balls to implement it.

Skills shortage my arse.
This is just these filthy rich pieces of dog shyte trying to fatten the bottomline even more.

All they are trying to do is get Plillipinos and Indians out for 5 bucks a day

Employ Australians or get the **** out of our country.
Rinehart, Palmer, Forrester and Wallen included


THE booming mining industry could mean foreign workers will be flown directly by jumbo jet into outback Queensland as the state scrambles to fill massive job shortages.
Several mining houses are in advanced negotiations with the Federal Government to replace the individual 457 visas with bulk temporary migration agreements to bring overseas labour into outback mines.

The proposed Enterprise Migration Agreements would establish a special type of labour agreement to address skill vacancies in major resource projects with capital expenditure greater than $2 billion and a peak workforce of 1500.

Federal Immigration Minister Chris Bowen's office told The Courier-Mail a decision was pending on a confidential submission by one mining house. Other miners also have submissions in the pipeline awaiting the decision, a spokeswoman for Mr Bowen confirmed.

Indian billionaire Gautam Adani is emerging as a key player in Queensland, completing the purchase of Rockhampton beef baron Graeme Acton's Moray Downs cattle station for about $110 million, which sits over about one-third of the total resource in the Galilee Basin.

Outback Queensland is to get a new airport, railway line and even a new town to cater for the thousands of workers needed to open up the mineral-rich Galilee Basin.

While retail and tourism sectors languish, the mining boom is putting massive demands on the state's workforce.

Coal miners are lobbying the Federal Government to allow fly-in unskilled workers from overseas as they grapple with a predicted shortage of 40,000 new employees in the resources sector by 2020.

One of India's richest men, Mr Adani, flew in to Queensland at the weekend for fresh talks on Abbott Point coal terminal near Bowen and his latest acquisition of Moray Downs cattle station.

Mr Adani, 49, who is worth $10 billion, has just bought Rockhampton beef baron Graeme Acton's Moray Downs cattle station for about $110 million.

Moray Downs, which sits over about one-third of the total resource in the Galilee Basin, would also be the site for a mining town for 2500 workers, 500km southwest of Bowen.

Mr Adani has plans for a runway, airstrip, a 500km railway line and Australia's biggest operating coal mine by 2022. His infrastructure plans will be India's single biggest investment in the country.

Mr Acton told The Courier-Mail the rural sector faced big challenges in balancing national food security issues with the rush into mining.

"This part of the world will be boom town," he said. "But we don't want it to get like Russia where we used to joke they'd have to pay us in vodka because they let prime agricultural land go to waste or ruin in the rush into the resources industry."

Respected cattle king Peter Hughes said there was a two-speed economy at work in the bush.

"These mines are like a cancer eating up all the productive cattle country but they pay good money for them," the Mackay grazier said.

"And I'm a great believer in bringing in as many Filipinos and Indians to do all the start-up infrastructure. There is nobody else out here to do the work."

Adani did a $3 billion deal with Linc Energy's Peter Bond for the rights to the tenement, negotiating $500 million payment up front and $2.5 billion over 20 years in royalties.

They paid $1.8 billion last April for Abbot Point terminal

and there's no doubt the scale of the projects means workers from overseas and within Australia will be required.

Australia's richest woman Gina Rinehart, who sold her Galilee prospects to India's GVK group, has been vocal in advocating a Northern Special economic zone from Bowen to Port Hedland.

Clive Palmer, the other big player in the Galilee Basin with ChinaFirst, is also behind the push.

It is creating fresh tensions with unions concerned about the implications of setting up "free trade zones" that employ 100 per cent foreign labour flown in direct from overseas.

Minerals Council of Australia acting chief executive Chris Fraser said no one had an Enterprise Migration Agreement yet.

"It is too difficult. The rules are so tight and the unions have killed them off and strangled them, so we are yet to see one emerge," he said.

15   L A T E S T    R E P L I E S    (Newest First)
CP Posted - 14 Apr 2016 : 22:27:58
Interesting times ahead for Peabody Energy, who operate a few mines in NSW and most of the ones around Mackay.

Legendary Gerry Posted - 05 Apr 2016 : 18:45:20
No worries!
tommo11 Posted - 05 Apr 2016 : 15:50:34
Okay, thanks for that perspective. I'm an outsider obviously but I tend to agree, at least on your first set of points, I don't follow QLD politics so I wouldn't know about the latter.
CP Posted - 05 Apr 2016 : 13:39:02
The other problem is that they can take any quantity of water out of the Great Artesian Basin and only having to replenish it by giving back 780 mega litres per year for the next five years. That's like me stealing your 5000L water tank and only giving you a 5 litre bucket back per year for the next five years.
Legendary Gerry Posted - 05 Apr 2016 : 11:23:10
Without boring you we don't need it.
The dangers far outweigh the benefits.
Coal mines are scaling back, even being mothballed as the global demand for coal decreases.
People are waking up to the fact that they have a massive effect on global warming and the dangers to the already stressed Great Barrier Reef are real.
It is simply too big a risk to take.

There is a school of thought that the decision to grant the lease is simply political.
Both Adani and the gov't believe that it will most likely never happen, but by approving it, it gives the gov't some credibility in saying they are trying to promote jobs in the area.
As soon as the granting of the lease was announced, Adani put their schedule back another 12 months.
tommo11 Posted - 05 Apr 2016 : 02:27:32
Can you explain the pros and cons from your perspective for the non QLD people please. I am just interested.
Legendary Gerry Posted - 04 Apr 2016 : 09:32:50
There's a heck of a lot of unhappy voters now that the Qld Labor Gov't has given Adani the go ahead.
I don't think they understand what they have just done.
CP Posted - 30 Jan 2015 : 18:01:28
Update on the Mining Boom.

Whitehaven Coal have been shipping coal from their new Maules Creek mine.


The very controversial Shenhua Watermark coal mine near Breeza, NSW has been given the green light.


EDIT: It appears that the Shenhua Watermark mine might not be going ahead.


The BHP owned Caroona mine has been fairly quiet too. Whether that is because that could be unlikely going ahead because of the coal prices and/or other issues at BHP is up for debate.

Another EDIT:

While some mine projects appear to be mothballed, others are been given the seal of approval to go ahead.

Adani Group's Carmichael Coal Mine is one such project.

OzDave Posted - 15 Mar 2013 : 10:35:33
The Eureka stockade had absolutely nothing to do with an 8 hour day. It was all to do with Miners Licenses and the democratic right to vote for representation in parliament.
Rainstorm Posted - 14 Mar 2013 : 21:37:58
If we wern't using them we get @#$% all done. Been there done that, in Karratha (middle of the iron ore boom) there is a crane mob who had 7 Australian union members unloading/loading counterweights which go with each crane too a job. 50 cranes in this company and 1 (the 700 tonner) takes 69 trailers to move it. Aussie union blokes won't work over 35 celcius. Won't work after 3.00pm. That wipes out half a hear up Nth.3 blokes from Asia/Korea not sure exctly as it doesn't matter to me where they are from do the job of the 7 Aussies. All are paid in excess of $62.00 per hour and they work like mongrel dogs. All are really nice blokes who laugh and have a joke with you and work bloody hard and send most of there money home to support there family. I'd rather see and work with 2 of these blokes than a 100 unionised aussie bums who think the world and this country owes them a living.
Eureka was 8 hours work, 8 hours pay, 8 hours sleep and 8 bob a day.

The Unions STOLE the Eureka flag and idea and now an aussie unionist means means 7 hours work, 6 of which is spent tying to work out how to do SFA for the other one and get paid up to $4000 for it. In 10 years the unions will be as relevant as Gillard will be. Gone
bundy5 Posted - 14 Mar 2013 : 10:28:58
Why is the government whinging about the companies that use them when they have authority to decide who and in what circumstances they come to this country?
27GV Posted - 14 Mar 2013 : 04:28:43
So how many 457 migrants are we going to bring in and staff these things?

I'm pissed off at the willingness for the government to bring in a bunch of foreigners to do something if they can't find a local in about a week. Can't possibly spend the cash to train people.

Australia is sitting on a gold mine but instead of keeping the wealth here it either goes into the pockets of the Rineharts or it is increasingly going overseas because no one can be bothered training locals.


Read this, there is a place to cut government spending and that is welfare for the well off. Cost of living is high because we take the cash away from schools, hospitals, tafe and Uni and give it to 'families' to spend on imports like giant tvs and cars. Or on investment houses so the housing market is in a big bubble.

TBH our family has more cash than ever before since about 2007. Good investments and property, but because of the loopholes we pay less tax than when all we had was straight income from work.
CP Posted - 13 Mar 2013 : 11:15:52

There are now three mines earmarked for Gunnedah, the Maules Creek one has been given the green light to go ahead, as is the extension for the Boggabri mine, a new proposed one in Vickery State Forest and the Chinese owned one has their Environmental assessment on display. The new mines have also had protesters, such as the bloke that sent a hoax email and wipes a large amount of value of Whitehaven chairs, a woman that tied herself to a bulldozer, and another person who made a bed in a tree and tied a rope to the front gates.

Interesting times ahead.
OzDave Posted - 06 Nov 2012 : 06:31:20
What mining boom? You mean the one that is still going on, creating value to property holders?
CP Posted - 25 Oct 2012 : 20:47:05
One of the nations coal mines has is now approved.

Whitehaven Coal is set to become a major coal player and more than double production after it received approval to develop the massive Maules Creek project in NSW.

On a tumultuous day that started with a report that chief executive Tony Haggarty wanted to quit, the miner received NSW government approval a year later than it had hoped for.

Whitehaven acquired what will be one of the nation's largest coalmines as part of the $5.1 billion merger with Nathan Tinkler's Aston Resources this year.

It has the potential to be an 11 million tonne a year mine, producing both high-quality thermal coal and lower-quality coking coal, used in steelmaking.

If Maules Creek and its other mines expand as planned, Whitehaven will be a 25-30 million tonne a year coalminer by 2017.

It made a $62.5 million net profit when it produced less than five million tonnes in 2011-12.

Mr Haggarty made no mention of his speculated departure in his Maules Creek project statement.

He said he welcomed the NSW government's decision, noting that the Gunnedah Basin-based project in the state's north-west still needed approval from the federal Department of Sustainability, Environment, Water Population and Communities.

"Notwithstanding the stringent environmental conditions which have been placed on the project and the difficult coal market at present, this is a world-class project and Whitehaven will be seeking to bring it into production as soon as possible," he said.

The mine was opposed by NSW Labor and the Greens, while protest group Front Line Action on Coal on Thursday vowed to continue its 82-day-long blockade camp in the forest.

Spokesman Murray Dreschler said the mine would destroy about 1360 hectares of native vegetation and large tracts of productive farmland.

Whitehaven refused to comment on the report that Mr Haggarty flagged to chairman Mark Vaile his intentions to leave and that a search for a replacement had begun.

The plans related to entrepreneur Mr Tinkler's $5.25 billion takeover bid, which recently collapsed but he remains the largest shareholder and is rumoured to be planning another tilt.

Mr Tinkler's relations with the board have soured, with his demand this week in a letter that he be provided with earnings results and guidance and an operational update - including for the then-unapproved Maules Creek - ahead of its release to market.

The company refused his request, saying it would release a quarterly report as planned on Friday, but went into a trading halt to review its market outlook amid market rumours that the weak prices have hit revenue.

Patersons research analyst Matthew Trivett said Whitehaven was in a solid position, with Japan's J-Power having already invested $370 million in the Maules Creek project for a 10 per cent stake and offtake agreement, and Itochu buying 15 per cent.

Also on Thursday, weaker coal prices led Whitehaven to also announce it would close its Sunnyside mine, near Gunnedah, indefinitely, although the workers affected will be relocated.

The benchmark thermal coal price at Newcastle, NSW, dropped to below $80 a tonne this week, its lowest since 2009.


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