Why do we subsidize the mining industry

to the tune of 4.5 billion dollars a year??

 

 

Why does the same "excuse" for not subsidizing the vehicle manufacturing industry not also apply to the mining

 

industry

 

 

It appears to me that any infrastructure the mining industry develops ie roads or railways..... have a mine at one end and a Port or refinery at the other

 

...... and are built for the express purpose of profit and expediency that ultimately benefits... the miners themselves.

 

 

.....especially the Uranium mining industry given Australia's unique position of holding more than 90% of the worlds Uranium raw product reserves... it's not like they can mine Australian ore anywhere else??

 

.... Just like mining towns are developed to lure miners and their families closer to the mines...that really only

 

maximises profit under the guise of "good citizenship"

 

http://thehoopla.com.au/mining-profits-facts/

 

The paper emphasizes that a large percentage of profits will be reinvested in Australia.

 

But a lot still makes its way overseas. Of the $37 billion profit to foreign equity owners in the 12 months to 31 March 2011, $7 billion was paid overseas as dividends or income withdrawals. Seven billion!

 

Some think this is state-sponsored theft. Others understand that without heavy overseas investment, the mining industry with the employment it provides and the taxes it pays, would be under-resourced at best and non-existent at worst.

 

Perhaps Australia would find a more acceptable middle ground if some of the handouts to the miners were subjected to some soul searching. 

 

Since 2009, the WA Government for example, has given miners $9.2 million under an “Exploration Incentive Scheme”.  

 

Gina Rinehart pocketed nearly $39,000. Andrew “Twiggy” Forrest took nearly $62,000.

 

Last year Ms. Rinehart grew nearly $1.9 billion richer. If would take her just over a minute to earn the $39,000 she took from the West Australian taxpayers.

 

 

http://greens.org.au/sites/greens.org.au/files/ending_fossil_fuel_subsidies.pdf

 

http://en.wikipedia.org/wiki/Rail_transport_in_Western_Australia

 

http://www.railpage.com.au/news/article-5777/

 

http://greens.org.au/sites/greens.org.au/files/ending_fossil_fuel_subsidies.pdf

 

The fact is that the Latrobe Valley now disused Coal mine fires is a shining example of how miners  dump us once

 

the profitability is gone from the big hole in the ground....

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Why do we subsidize the mining industry

 

Silverfaun wrote

 

What an odd thread, attacking an industry that got Australia through the GFC, employed thousands & saw the greated money train in Australia's history. Today it still employes thousands of young people who are willing to go west to assure their future with the high wages they earn Let's destroy the mining industry, lets adhere to the Greens policy of destruction, will all the opponents be be happy living in the dark, homeless & starving like the 3rd world countries the Greens want whilst our energy prices soar, lets leave it in the ground shall we.

 

$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

 

Good Ole aunty...here's something else for you to whinge over Silverfaun

 

http://www.abc.net.au/unleashed/2876728.html

 

Australia's love affair with the mining boom has been in the headlines for many years now.

Mining is credited with saving us from the Global Financial Crisis, putting food on our tables, keeping our economy strong and thousands of people employed.

 

 

It's been a great public relations success.

 

A survey released by Essential Media this week showed that 67 per cent of Australians count mining as one of our top three most important industries. A typical Australian believes the mining sector accounts for more than one third of economic activity, and employs about 16 per cent of our workforce.

 

 

Unfortunately, our perceptions of the mining industry are wildly out of step with the reality.

 

 

Today, The Australia Institute released its new research paper Mining the Truth; The rhetoric and reality of the commodities boom, which provides a detailed analysis of the ways in which the mining boom is affecting our economy, both positive and negative.

 

 

The true picture of Australian mining it reveals is startling, in all the parts that have been glossed over, rewritten or ignored.

 

 

To begin with, mining doesn't even come close to accounting for a third of our economic activity. Mining represents about 9.2 per cent of GDP, roughly the same as manufacturing. And the perception that mining employs around 16 per cent of our workforce credits the industry with nine times more workers than it actually has, about 1.9 per cent of the workforce.

 

 

Despite the expansion of mining over the past seven years, mining accounts for only 7 per cent of new jobs created over that time.

 

 

Of course, mining likes to roll in all the indirect jobs it creates.

 

If every sector calculated their share of the workforce in this way, the total number of Australian jobs would be inflated by three times the true number.

 

 

http://www.theaustralian.com.au/business/mining-energy/call-for-foreign-curbs-as-miners-get-gfc-cred...

 

and the SBS...

 


AUSTRALIANS believe the mining industry saved the economy during the global financial crisis but most want curbs on foreign investment and the use of overseas workers.

 

A major new survey - commissioned by SBS as part of its Dirty Business: How Mining Made Australia series to be screened from January 6 - shows Australians appreciate the benefits that mining has brought to the economy and its role in shaping the national identity.

 

It shows 44 per cent of people believe the mining sector shielded the economy from the GFC, with only 9 per cent disagreeing

 

.

 

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Why do we subsidize the mining industry

Colic wrote

"Why does the same "excuse" for not subsidizing the vehicle manufacturing industry not also apply to the mining industry"

 

Monman wrote

 

The fact that the mining industry is very profitable might be a clue!.

 

So what is the point to the Asutralian taxpayer subsidizing a successfull business??????

 

I am all ears

 

 

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Why do we subsidize the mining industry

Have a look at todays Herald Sun -page 19 re the Morwell mine fire.

How will they ever put that out.-should not have happened.

Im about 12 kls away and feel sorry for the folk that live closer..........Richo.

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Why do we subsidize the mining industry

i can't bring myself to look at the herald, but its covered elsewhere richo. i hear some talk of evacuation.  terrible mess at hazlewood.

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Why do we subsidize the mining industry

Prime Minister for Unemployment

 

yes I think that is what history will know him as

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Why do we subsidize the mining industry

Richo I don't mean to sound pessimistic & I am hoping they can somehow put it out, but check this one out

 

it's been burning for 50 years so far in Pennsylvania

 

http://www.huffingtonpost.com/2012/05/25/centralia-pennsylvania-fire_n_1546552.html

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Why do we subsidize the mining industry

Country Fire Authority firefighters have been hospitalised for suspected exposure to a highly toxic gas while fighting fires at the Morwell coalmine.

 

 

At least nine firefighters were tested for carbon monoxide poisoning and the CFA has pulled its crews out of the open-cut mine, about 150 kilometres east of Melbourne, where two fires are still burning.

 

 

Six firefighters attended Gippsland Base Hospital on Tuesday evening, and another three presented on Wednesday morning.

 

They all required “low level” treatment, such as oxygen.

 

 

Frank Evans, chief executive officer for Central Gippsland Health Service, said none of the firefighters were admitted to the hospital, contradicting accounts from a firefighter who said two had stayed overnight.   

 

 

 

“They’ve either been discharged or are in the process of being discharged. No one is particularly ill,” Mr Evans said.

 

A CFA volunteer who was tested for carbon monoxide exposure said a message was sent to firefighters advising them about the potential threat.

 

 

“We started hearing about it on Tuesday about midday when we got messages to go to hospital and get checked if you’re suffering shortness of breath, respiratory discomfort, headaches and nausea,” said the firefighter, who asked to remain anonymous.

 

 

 

Carbon monoxide is a highly toxic gas that is colourless, odourless and tasteless. In high concentrations it is potentially fatal and can bring on seizures and comas.

 

 

The CFA confirmed firefighters had been taken to hospital. Asked about reports that they had suffered carbon monoxide poisoning, a CFA spokeswoman said “it’s something we’re aware of”.

 

 

Two fires are still burning in a worked out section of the open-cut mine, which supplies the Hazelwood Power Station. The CFA has “temporarily relocated” firefighters from within the mine.

 

 

“They will continue to fight [the two fires] from the edge of the mine,” a spokeswoman said. Firefighters are believed to be wearing breathing apparatus.

 

 

Trevor Rowe, spokesman for GDZ-Suez, which owns the Hazelwood power station, said the fires posed no threat to the operation of the mine (whew) or power supply.

 

 

"It’s not an operational area of the mine," he said. "It’s well away from where coal is being dug. The power station is getting all the coal it needs."

 

At least we know where the mine owners hearts are... engrossed in profit


Read more: http://www.theage.com.au/victoria/firefighters-in-hospital-after-exposure-to-carbon-monoxide-at-morw...

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Why do we subsidize the mining industry

Ta Deb-interesting link......Richo.

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Why do we subsidize the mining industry

when it was state owned ( SEC ) they had their own Fire brigade,  and as richo said earlier a large scale sprinkler system around the perimeter for just this type of thing. privatisation and lax management is the reason morwell is in strife now.

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Why do we subsidize the mining industry

Speaking of mining,John Fenton,a Wyoming rancherwho featured in the Gaslands documentary and who's life has been ruined by fracking and gas wells,starts a national tour of Australia tomorrow.He will be giving talks in the major cities on the eastern seaboard as well as numerous regional towns whch will be affected by CSG mining. Anyone interested in attending should google John Fenton Australia for tour details
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