Category: Resources
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Mining giants must share wealth
Sydney Morning Herald It’s time to revisit unfinished tax business and make miners contribute to a national future fund. As mineral prices soar to record highs and companies automate their digging, mines in Australia should perhaps be renamed Money Printing Operations because the cash they make has become truly astronomical. Take Australia’s biggest export industry,…
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Norway, Canada show the way to cash in on resources boom
The Australian NSW has decided to put its property stamp duty windfall in infrastructure. Cashed-up Canadian pension funds have been very active in Australia of late, with a strong focus on agriculture, and so has Norway’s $1 trillion sovereign wealth fund. It’s no coincidence that these resource-rich countries have been extending their global investment reach…
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Farmers against Whitehaven and Shenhua in battle of the plains
The Australian Whitehaven Coal’s Werris Creek colliery in northern NSW is a modest mine by any measure. At 2.5 million tonnes of coal output a year, this is one mine that was meant to underscore claims that mining could coexist with intensive agriculture. But jump on to any satellite website and you’ll get some idea…
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Gas boom won’t keep the home fires burning
The Australian For millions of east coast gas consumers, it may even be a case of cold showers and camp ovens. AUSTRALIA is about to become an extreme case of the paradox of plenty — a gas-rich country that cannot supply its domestic needs. And the response so far from state and federal government is…