Why can’t we do this here?

NSW Premier Barry O’Farrell isn’t wasting time getting his state moving after so many long years of stagnation under Labor governments. His major initiative is around kickstarting mining after a long moratorium in the state.

LEGISLATION to allow mining companies to explore for uranium in NSW will be introduced to Parliament after state cabinet agreed to overturn a decades-old ban.

The Premier, Barry O’Farrell, and the Minister for Resources and Energy, Chris Hartcher, will announce the decision today, arguing it will help boost the state economy.

”It is time for NSW to look at every opportunity to join the mining boom, which is delivering enormous profits and jobs to Western Australia, Queensland and South Australia,” Mr O’Farrell said.

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He said the first step was to establish the scope of uranium deposits in NSW. The ban on exploration has prevented a clear understanding of potential deposits but the government says it is aware they may exist around Broken Hill.

”We are not about to rush into mining uranium until we have carried out the necessary environmental and exploration checks and have had a mature and sensible discussion about utilising this resource, but we would be crazy not to look at whether this is a viable industry which would deliver jobs and revenue to NSW,” Mr O’Farrell said.

I’m not sure if we have uranium, but we have plenty of other minerals lying in the ground. We need to get over the squawking of a few rowdies and put the economy and jobs first .

 


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  • Hakim of phut

    No we have no uranium. end of story. 
    Like we have no iron ore, or bauxite or nickel or diamonds or copper …..
    Thats what makes Australia so rich they just have what we dont

    • Michael

       We have uranium, it’s low in quality and quantity, but we have it. We also have iron (iron sands). Among many other deposits.

      So, we do have stuff to dig up, the issue is more around the quantity and quality and most importantly, the emotive reactions of tree hugging hippies. NZ fails at pragmatism. We want money, energy, but not prepared to put up anything in return.

      • Michael

         I should also mention that the lack of pragmatism and overzealous hippies prevents the very exploration we would need to do, if we were to validate what resources we had to offer.

      •  Hippies – thought they all died off from the dreaded LSD and Marajuwiki….

      • honcho

        Agreed, endless beaches of iron ore at the surface.

  • Yes, but we have things. They are not the same things, but they are there, they are in demand, and someone will buy them at an economic price. Why we haven’t started getting people to work mining them, I do not know. 

    We need to get those oil drilling companies into our waters ASAP – the only restriction on them should be that they must employ 80% New Zealand citizens.

  • Boss Hogg

    I am all in favour of developing Oil & Gas and mining of high value minerals – BUT, I would suggest that the timing is wrong to now invest in immediate action.  All of these things take years to research, plan, develop infastructure, attract investment, develop skills etc etc before any returns are realised.  We are looking to be in a period of level and declining commodity prices in some energy areas and minerals.  Consumption is looking to decline, some countries will just have no choice.

    To get investment in level or declining markets and then to sell at international prices from a remote and expensive location does not look that good.  I think we should evaluate the potential and then set out a 30 year plan based around growing prices that will not enventuate for at least another 10 years.  The stuff in the ground will not go rotten but it may be worth a lot more in a mid term future.

    The electoral cycle will, of course, not let this happen.

    Just an opinion

    • 6k944827

       On the face of it Boss this is an idea that deserves consideration. There should be one proviso: ‘so long as the evaluation is impartial, and is seen to be impartial’. There should a 50% chance of a evaluation finding that it is NZ’s best interests not to mine. This could potentially resolve this arguement and allow us all to work towards the future together. Both parties will need to accept the results of the evaluation though.  

      • Boss Hogg

        Nice name?

        To me it is not about or being able to “resolve this argument”.  I think it is about not competing with Australia for iron ore or uranium or competing with Poland for gas fracking, etc etc.

        I think it is about being highly selective about choosing the correct minerals at the right time in the market where scarcity value means you get a real premium.  Then thinking about added value – you don’t see many countries exporting logs except NZ.

        I digress.  Anyway, I think there needs to be a break point where the premium makes it logical to dig and then we have the benefit of doing it all in the best way possible for the greater good of the majority.  I have been here in Singapore long enough to start getting a bit Confucian I think.

        Cheers,

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