Ultimately if we don't manufacture then we're stuffed since there's no long term future digging holes in the ground, running up debt and running down the integrity of institutions as we've been doing.
Agreed and something I think is important in this context is to avoid the tendency to look for silver bullets.
Sadly it also had many economic collateral damages of bright shiny stars, so the analogy with covid stops there.Some have noted that COVID-19 primarily kills older people who are in poor health anyway. Not entirely but to considerable extent.
Trouble is, that's a pretty good description of much of our economy. Decades behind and limping along.
If we come out of this with a focus on something that isn't on its last legs and which actually has a long term future then the pain will be worth it.
A lot of the destruction economically was always going to happen, this pandemic situation just set the building on fire rather than waiting for it to slowly rot away but it was coming down regardless, our economic situation hasn't been on a sustainable path for a long time now.
Agreed this is stuffing pretty much any business that deals in overseas markets apart from bulk commodities. A video call might sustain an existing project but that's about it, you can't actually do the job that way when it requires people on site etc and that forces the client to go to someone who can.
Ultimately I think it's going to force a serious resetting of a great many things once reality sinks in.
Would be nice, not a chance to happen in the real world with our current Qld gov.
Is it practical? Cost of rail for one product and shipping is cheap. You would need something more comprehensive. Maybe it can be linked into the sheep stations? Other mines?
If that was an issue just ship both down south...
We had a steel industry not long back, I don't see it coming back.
You do not need many people, just do fifo:
FIFO isn't sustainable long term, it is only a matter of time before the emissions become the next frontier and that will happen soon when the result of the virus initiated aviation downturn gets published. The left will be all over it.
The idea's not a new one by the way - it was around in the 1990's but couldn't gain any traction with governments.
Sanjeev Gupta (Google will tell you who he is if not familiar) has bought the Whyalla steelworks in SA and has very recently bought the the TEMCO (Tasmanian Electro Metallurgical Co) plant in Tasmania.
Yes I was being sarcastic really, it is ironic when an Indian individual has more faith in the Australian steel industry, than BHP (the BIG AUSTRALIAN) which closed down most of its processing plant and are making a billion dollars by stripping the country of its resources. ?Sanjeev Gupta (Google will tell you who he is if not familiar) has bought the Whyalla steelworks in SA and has very recently bought the the TEMCO (Tasmanian Electro Metallurgical Co) plant in Tasmania.
He's looking at rebuilding Whyalla to massively scale up production to 10 million tonnes per annum.
Where TEMCO fits into the plan is that it produces ferromanganese, silicomanganese and sinter - all of which are ingredients used in steel in addition to iron ore. TEMCO being the only such producer in this part of the world.
He's got a plan - he didn't make $ billions just doing things randomly.
So on the 25th of never.
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