Just how long has the principal that the minerals do not belong to the miners been held and if it's true why hasn't it been acted upon before half of WA has been exported to China.
Just how long has the principal that the minerals do not belong to the miners been held and if it's true why hasn't it been acted upon before half of WA has been exported to China.
http://en.wikipedia.org/wiki/Australian_mining_law
History of mining law
The first Australian mining laws were enacted in 1851.[1] Before that, ownership of minerals and petroleum passed to those who were granted title to land by the colonial governors according to common law concepts, except the right to "Royal Mines" (the precious metals of gold and silver) which remained vested in the Crown by virtue of Royal prerogative. From 1855, colonial parliaments legislated for ownership of minerals to be retained by the Crown in future grants of freehold title. Thus, the situation developed where throughout Australia, the Crown in right of the State owns nearly all the minerals.
More at the link...
MrBurns
I was thinking about this myself.
It just does not stand up to scrutiny.
The following link, if it opens, suggest something of a bigger order.
http://www.afr.com/p/national/labor_china_food_bowl_plan_VOZQjQXmlHZ1Pay7ExK74J
joea
If the miners do not own the minerals, or own the right to the proceeds of sales, something has been very wrong for a very long time and I just wonder who, in the background has got terribly wealthy on the back of this.
If this is the case it cant be incompetence, it MUST be corruption at Govt level.
The miners own the proceeds of the minerals sales, they pay royalties to the States for the right to extract and sell the minerals.
Then is Gilard trying to change the rules ?
MrBurns
I was thinking about this myself.
It just does not stand up to scrutiny.
The following link, if it opens, suggest something of a bigger order.
http://www.afr.com/p/national/labor_china_food_bowl_plan_VOZQjQXmlHZ1Pay7ExK74J
joea
+1This is truly frightening. With Labor in control of anything we can expect it to be an unmitigated disaster. So if they are contemplating allowing large scale investment by Chinese agricultural interests in undeveloped land here the winner out of this will be China, not us, and I hate to think of the damage that will be done in unimagined ways. Just mind boggling what this pathetic government has done to this country in a few short years.
Just watching question time, it's a damn farce and it's all Labors doing, insulting BS on and on just wasting time, Gillard makes you sick just to listen to her.
I am a Lib voter, but both sides of politics are fairly poor. I just want decent policy, I don't care where it comes from!
Labor is much further ahead on the failure count though...
I am a Lib voter, but both sides of politics are fairly poor. I just want decent policy, I don't care where it comes from!
The thing that pings me off is that the royalty from the miners is all that is keeping this government afloat with its excessive spending.
I am not sure, and therefore happy to stand corrected, but isn't it the States that collect royalties and not the Federal government?The thing that pings me off is that the royalty from the miners is all that is keeping this government afloat with its excessive spending.
That's my understanding also, but the MRRT is a Federal government initiative.I am not sure, and therefore happy to stand corrected, but isn't it the States that collect royalties and not the Federal government?
Just watching question time, it's a damn farce and it's all Labors doing, insulting BS on and on just wasting time, Gillard makes you sick just to listen to her.
In the light at times of Peter Slipper's eccentric behavior, he did exactly what a speaker should do and that is to be unbiased.
Gillards manner in question time is disgusting, Albanese likewise, just immature school yard
Apart from the actual revenue to either State or Federal government, it seems pretty foolish to be bagging in any way the country's most productive industry.
Presumably the tactic has derived from Labor's realisation that it needs to shore up support from its traditional working class voters, and they have (misguidedly imo) decided the way to do this is to insult those wealthy people who run mining companies.
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