Why do we subsidize the mining industry

[colic2bullsgirlore]

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....

[colic2bullsgirlore]

Who ulimately pays the bill for blunders like the one below???

Who made the profits from the enterprise below when it was a functioning open cut mine?

http://www.abc.net.au/news/2014-02-20/officials-considered-evacuating-town-of-morwell-over-smoke-fro...

Emergency officials considered evacuating the town of Morwell, in Victoria's Latrobe Valley because of the acrid smoke billowing from the fire at the Hazelwood open cut mine.

The coal fire has been burning for 11 days, creating toxic conditions for the Country Fire Authority firefighters battling the blaze and local residents.

Houses, cars, gardens and even schoolyards are covered in a veil of soot.

Craig Lapsley, the Emergency Services Commissioner, confirmed on Wednesday that the State Government considered evacuating the whole town last weekend.

[colic2bullsgirlore]

http://www.abs.gov.au/ausstats/abs@.nsf/Lookup/by%20Subject/1301.0~2012~Main%20Features~Mining%20Ind...

Operating profit before tax (OPBT)

Operating profit before tax (OPBT) is a measure of profit before extraordinary items are brought to account and prior to the deduction of income tax and appropriations to owners (e.g. dividends paid).

From 2008–09 to 2009–10, OPBT for the Mining industry fell by $11.9 billion or 19% to $51.3 billion (table 18.7).

The Coal mining and the Oil and gas extraction industries both fell significantly (56% and 52% respectively), which more than offset a large increase of $15.3 billion (144%) by the Metal ore mining industry.

[colic2bullsgirlore]

http://www.theage.com.au/national/mines-jobs-peak-but-still-just-16-20100617-yjsi.html

EMPLOYMENT in mining has shot to a record high, but the industry remains a pint-sized generator of jobs.

Detailed employment figures released yesterday show an extra 14,400 mining jobs were created in the six months to May, roughly offsetting the number of mining jobs lost in the previous 12 months.

By contrast the construction industry piled on 40,000 jobs, the transport industry 24,000 jobs, health and aged care another 24,000 and agriculture 22,000.

Employing just 179,400 Australians, mining is outranked by all but one of the 19 industry groupings used by the Bureau of Statistics. Even ''arts and recreation'', employing 193,400 people, is a greater provider of jobs.

Read more: http://www.theage.com.au/national/mines-jobs-peak-but-still-just-16-20100617-yjsi.html#ixzz2ttNMOcKt

Somebody help me

.....Why do we subsidize the mining Industry??????

I must be missing something?????

[colic2bullsgirlore]

Manufacturing continues to shrink, employing a record-low 972,000 in May - just 8 per cent of the workforce.

Mining employs 1.6 per cent nationwide.

Only in Western Australia is mining a significant employer, providing 6 per cent of that state's jobs. In NSW it employs less than 1 per cent, in Victoria less than 0.5 per cent.

The figures lend weight to a claim by Treasury secretary Ken Henry in evidence to a Senate committee last month that mining did not ''save Australia from recession'

[darksideofthemoon]

My cynical answer is it is easy to sell the car industry over seas, but one can't sell a mine and move it

They are stuck with it, so they have to support it.  

[spotweldersfriend]

A welfare state for the rich

[colic2bullsgirlore]

---

@spotweldersfriend wrote:
A welfare state for the rich

---

It appears so.... "the rich are getting richer the poor get the picture"

"The mining industry has the lowest rate of corporate tax because it has so many tax concessions," he said.

"The average is about 21 per cent, the mining industry only pays 14 per cent.

"While we have a big debate about the car industry and how much subsidies we give those, they're only getting about half a billion dollars a year whereas the mining industry gets four and a half billion dollars a year."

[colic2bullsgirlore]

http://songmeanings.com/songs/view/123336/

The rich get richer, the poor get the picture
The bombs never hit you when you're down so low
Some got pollution, some revolution
There must be some solution but I just don't know
The bosses want decisions, the workers need ambitions
There won't be no collisions when they move so slow
Nothing ever happens, nothing really matters
No one ever tells me so what am I to know

You wouldn't read about it, read about it
Just another incredible scene, there's no doubt about it

Hammer and the sickle, the news is at a trickle
The commissars are fickle but the stockpile grows
Bombers keep acoming, engines softly humming
The stars and stripes are running for their own big show
Another little flare up, storm brewed in a tea cup
Imagine any mix up and the lot would go
Nothing ever happens

You wouldn't read about it, read about it
One unjust ridiculous steal, ain't no doubt about it
You wouldn't read about it, read about it
Just another particular deal, there's no doubt about it

It's a pity that Garrett lost/misplaced/cannot now interpret his moral compass

Oils on the water JJJ birthday bash

http://www.youtube.com/watch?v=AONxdnTrZSU

[colic2bullsgirlore]

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

http://songmeanings.com/songs/view/116207/

Hey, hey-hey hey
There'll be food on the table tonight
Hey, hey, hey hey
There'll be pay in your pocket tonight

My gut is wrenched out it is crunched up and broken
A life that is led is no more than a token
Who'll strike the flint upon the stone and tell me why
If I yell out at night there's a reply of bruised silence
The screen is no comfort I can't speak my sentence
They blew the lights at heaven's gate and I don't know why

But if I work all day at the blue sky mine
(There'll be food on the table tonight)
Still I walk up and down on the blue sky mine
(There'll be pay in your pocket tonight)

The candy store paupers lie to the share holders
They're crossing their fingers they pay the truth makers
The balance sheet is breaking up the sky
So I'm caught at the junction still waiting for medicine
The sweat of my brow keeps on feeding the engine
Hope the crumbs in my pocket can keep me for another night
And if the blue sky mining company won't come to my rescue
If the sugar refining company won't save me
Who's gonna save me?

But if I work all day...

And some have sailed from a distant shore
And the company takes what the company wants
And nothing's as precious, as a hole in the ground

Who's gonna save me?
I pray that sense and reason brings us in
Who's gonna save me?
We've got nothing to fear

In the end the rain comes down
Washes clean, the streets of a blue sky town

http://www.youtube.com/watch?v=Ofrqm6-LCqs