Australian (ASX) Stock Market Forum

The Abbott Government

Boils down to the fact that the processing of rare earths leaves over radioactive wastes. Not highly radioactive, but high enough that it's an issue to deal with.

Lynas believed things would be easier to do in Malaysia, but the locals have - probably rightly - jacked up over it as they don't quite trust their Government to ensure the proper treatment of this waste.

Only have to look at the Morwell coal mine fire to see how things can go wrong when you let companies self assess their obligations.

Absolutely and isn't it Bob Hawke that is saying we should consider being a storage facility for depleted waste?

Also, from what I read in W.A, the Morewell fires were deliberately lit.lol

Jeez, I think everyone is in for a big wake up call .
 
Absolutely and isn't it Bob Hawke that is saying we should consider being a storage facility for depleted waste?

Also, from what I read in W.A, the Morewell fires were deliberately lit.lol

Jeez, I think everyone is in for a big wake up call .

The fire was most likely deliberately lit, but the fact is IF the mine had been properly secured the fire would definitely not have been as bad as it was. Somehow I think if O4B Abbott had been in power Lynas would probably have got a deal to process the rare earths in Australia. If it's Ok to spray millions of litres of briny water over agricultural land from CSG wells, I'm sure they could come up with a plan to cheaply store the radioactive waste materials left over.

Parts of Australia probably would make for a decent long term storage facility of nuclear waste, Easy enough to find a location far enough from any fault line that deep mine shaft can be built into without affecting any water table.

The fact that the UK has had to set obscenely high wholesale electricity rates to get their new nuclear generators built by EDF - 92.5 pounds ($170) per megawatt hour (the Australian average was between $43 and $66 depending on the state last year). I'm not sure how big a nuclear renaissance the world is going to see at those kinds of fixed prices. Makes wind power look cheap. Add in the cost of long term storage facilities and I can't help but think nuclear power is an expensive form of carbon abatement, but hey it's probably more realistic than CC&S unless you've built a coal power station next to a near depleted gas field.
 
Tony Abbott takes a grilling from a group of high school students

The carbon tax, gay marriage, asylum seekers and gender equity were the zingers for the prime minister after he invited questions


All the while, the encounter was being filmed by one of the students, Aria McCarthy-Lochner, who described Abbott’s performance as one where he “avoids and waffles”.
 
What asylum seekers IF ?

We're not getting too many by boat now. :D

I also note that Julia Gillard copped the sanger, un-grilled.
 
Apparently there was a march in Melbourne today. Over something. Who knows. From the pictures I saw, it all looked like uni students. 'Meh..

Have a look at some of the banners.

Abbott.jpg


Boy-oh-boy....how embarrassing.
 
By the way I have no interest or holding in them, just see it as another company trying to rip out our minerals and value add offshore.

It really is the root cause of our problems.IMO

This is the issue the Government has to address, value adding here, is just as easy as in Malaysia.
+1

We have massive resources being pretty much given away. We sell it for $5, then someone else processes it and turns it into $100.

It makes no sense at all to be doing that, unless the object isn't to make money or create employment but instead to just put a lot of very big holes in the ground as quickly as possible.
 
Why is it even so necessary for us to make cars?
I think the real concern is about cars per se, but that mining is ultimately a dead end at some unknown future time.

But as sure as night follows day, children will be taught that "Australia used to depend heavily on mining, until.....".

It will happen. And if there's no other industry of note around at the time then we're completely screwed. :2twocents
 
The fire was most likely deliberately lit, but the fact is IF the mine had been properly secured the fire would definitely not have been as bad as it was.

The lesson here, one which nuclear proponents struggle to grasp, is that anything man does has at least some chance of going horribly wrong. Mines on fire, aircraft going missing and so on.

The unique thing about nuclear is that we have no realistic plan to deal with what will inevitably occur at some point. The Morwell fire might be causing havoc in the Latrobe Valley, but there's no chance that we'll need to evacuate Melbourne, Tasmania or New Zealand because of it.

Parts of Australia probably would make for a decent long term storage facility of nuclear waste

Much as I'm not keen on nuclear energy due to the unmanageable nature of its' inherent risks, it's a reality that the world does have nuclear waste and it needs to be put somewhere. Ignoring NIMBY arguments, Australia is a very logical place to put it.

I'm not sure how big a nuclear renaissance the world is going to see at those kinds of fixed prices. Makes wind power look cheap.

Nobody's going to build a new nuclear plant for pure economic reasons. But the world has them, some countries are building more for non-economic reasons, and the resultant waste has to go somewhere. Provided that we charge enough (and we should be able to charge big $ I'd think) then Australia is a logical place for it.

The key would be in negotiating hard enough and I don't trust politicians of any persuasion to do so. Rather than simply being paid money, I'd rather we got something tangible for it. Eg much has been said about (for example) canals to move water long distances in WA. No problems - we'll take country x's nuclear waste and store it indefinitely on the condition that they pay the cost of building the canals. Things like that - with some decent negotiation we could get a lot of those long running ideas actually built.:2twocents
 
Apparently there was a march in Melbourne today. Over something. Who knows. From the pictures I saw, it all looked like uni students. 'Meh..
Have a look at some of the banners.
View attachment 57256Boy-oh-boy....how embarrassing.
Thanks DB. It wouldn't be ok if directed at Gillard or Plibersek. But seemingly quite alright if Tony Abbott is the target. That's not hypocritical at all in Lefty Land.
 
Thanks DB. It wouldn't be ok if directed at Gillard or Plibersek. But seemingly quite alright if Tony Abbott is the target. That's not hypocritical at all in Lefty Land.

I don't see Gillard or Plibersek in front of the banner?

See if you can work out the difference.
 
I don't see Gillard or Plibersek in front of the banner?

See if you can work out the difference.
The difference is that those banners are much more offensive than ditch-the-witch.

What is it about TA that upsets these people so much ?

Has he introduced a big new economy wide tax after going to the electorate saying he wouldn't ?
 
Whether intentional or not, standing in front of signs like that reduced TA's and the Libs political standing. It was poor judgement by organisers of the event to allow it to happen.

After that episode, I don't think we'll see party leaders standing in front of signs like that for some time, or in front of the even worse bile directed at TA.

In relation to where a hand could hold the sign from the image above, the image below should make that clearer.
 

Attachments

  • AbbottTheBitch.jpg
    AbbottTheBitch.jpg
    53.8 KB · Views: 74
Top