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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

http://www.couriermail.com.au/business/miner-maps-out-new-town/story-fn7kjcme-1226270204866

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)
djr18fan Posted - 19 May 2017 : 06:41:46
People that think the government should support foreign owned motor vehicle manufacturing in Australia should also be happy for government support of other industries.
bundy1 Posted - 18 May 2017 : 20:50:48
The Indians will take everything they can get but a lot of it is the Queensland government's own doing with its red tape that it has created for Adani's compliance with its environmental protection requirements.
Legendary Gerry Posted - 18 May 2017 : 20:35:06
This is just disgusting.
All I can think of is there's a few very high pockets being lined at both national and state levels..
CP Posted - 13 Apr 2017 : 01:22:18
A $1 billion loan for a mine that not many people support?

http://www.afr.com/news/politics/adani-firms-on-1bn-loan-as-turnbull-promises-to-fix-native-title-problems-20170411-gvisan

Another update on Adani. Premier Palachuck has given them a heavily discounted rate on royalties.

http://www.abc.net.au/news/2017-05-18/queensland-government-gives-adani-royalties-holiday/8536560
Legendary Gerry Posted - 06 Dec 2016 : 09:21:59
quote:
Originally posted by CP

The boom must still be happening, as Queensland's most controversial coal mine has been given the green light.

https://www.australianmining.com.au/news/queensland-government-delivers-final-approval-for-carmichael-coal-project/



Unfortunately it just shows how the Qld Gov't has no idea.
bundy1 Posted - 06 Dec 2016 : 06:49:47
Subject to a lot of red tape mind you.
CP Posted - 05 Dec 2016 : 14:10:40
The boom must still be happening, as Queensland's most controversial coal mine has been given the green light.

https://www.australianmining.com.au/news/queensland-government-delivers-final-approval-for-carmichael-coal-project/
bigcol Posted - 24 Aug 2016 : 21:50:32
quote:
Originally posted by OzDave

What mining boom? You mean the one that is still going on, creating value to property holders?
http://www.dailytelegraph.com.au/realestate/buying/mine-town-property-still-stars/story-fndbpo91-1226510606148



Yep it's really created value. For anybody that wants a house for 30 grand or a brand new 3 bedroom unit for 80
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.

http://www.abc.net.au/news/2016-04-14/peabody-bankruptcy-could-threaten-australian-jobs-cfmeu/7325322

EDIT: The BHP Caroona mine has been tapped on the head, with the NSW government buying back the exploration license.

http://www.abc.net.au/news/2016-08-11/nsw-government-buyback-caroona-mine-exploration-licence/7721936?WT.ac=localnews_newengland

If you live in the area, it doesn't really come as a surprise as there really hasn't been any news about for the past few years.

IS it coming to the end of this cycle?
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.

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