- Joined
- 28 September 2007
- Posts
- 1,472
- Reactions
- 8
Actually Zinifex were up 7.79% today, not bad huh? I topped up at $8.53 - lookin' pretty good now.
What happens when all of Australia is dug up & shipped to China?
- Thread starter roland
- Start date
Nyden
G.E. Money Genie
- Joined
- 23 May 2007
- Posts
- 1,368
- Reactions
- 1
Don't remind me, I sold out a while ago! Ack, sitting on some heavy losses
:I missed out on this 3-day market rally completely!
Alright, we'll divide by 1.5 then
: That's still 1.6 litres of beer per day .. not that bad I suppose!Thank you! I think
On the original topic, I believe by the time we even get close to exhausting Australia's supplies, most of it will no longer be needed by society
- Joined
- 28 September 2007
- Posts
- 1,472
- Reactions
- 8
Don't remind me, I sold out a while ago! Ack, sitting on some heavy losses
I missed out on this 3-day market rally completely!
I could say something here, but I am so much more polite than that
Alright, we'll divide by 1.5 then
I can do better - still in training, I have mates that when we went camping would wake up in the morning wit the crack of a can
Thank you! I think
On the original topic, I believe by the time we even get close to exhausting Australia's supplies, most of it will no longer be needed by society
A horse and cart really only needs water and feed.
And I thought it was AGM telling ZFX to "suck eggs".
- Joined
- 13 June 2007
- Posts
- 1,203
- Reactions
- 2
as for digging everthing up & having nothing left????this country of ours is
very very huge,as an interstate truck driver of roadtrains & b/doubles its not
until you get out of the cities that you see how big this country is,we are
78% desert mostly living on the coast,we fit inside the usa with a little room
either side to breath,with only about 7% the population of them,we will never
run out of resources,i understand the sentiment of using those resources
wisely & i reckon the world is getting them cheap,you only gotta look at the
io market landed in china from us v brazil we are getting rorted there,that
could be a big reason for the bhp offer to rio as it was rio who left bhp
stranded last year in the negotiations with the chinese when they pulled
out of the fight to get higher prices.interesting moves in the bhp/rio battle.
very very huge,as an interstate truck driver of roadtrains & b/doubles its not
until you get out of the cities that you see how big this country is,we are
78% desert mostly living on the coast,we fit inside the usa with a little room
either side to breath,with only about 7% the population of them,we will never
run out of resources,i understand the sentiment of using those resources
wisely & i reckon the world is getting them cheap,you only gotta look at the
io market landed in china from us v brazil we are getting rorted there,that
could be a big reason for the bhp offer to rio as it was rio who left bhp
stranded last year in the negotiations with the chinese when they pulled
out of the fight to get higher prices.interesting moves in the bhp/rio battle.
So_Cynical
The Contrarian Averager
- Joined
- 31 August 2007
- Posts
- 7,466
- Reactions
- 1,468
we need to make sure the money isn't all spent on plastic and electronic crap,
some of the money needs to be invested in real things...infrastructure and
development...railways, dams and stuff.
some of the money needs to be invested in real things...infrastructure and
development...railways, dams and stuff.
First thing to come to mind was the Sun will have burned out before then!
On a more serious note I concur with Tristo, & the point made by Nyden re changes as time moves on.
Already we see a lot of renewable energy platforms being fast tracked, as in Wind, Wave & Geothermal & many Co's involved.
Can't remember the exact number, but the entire land used by mining in Australia is .0 something.
So we may as well dig it out, ship it off & make some money, & hope a good portion is put aside to develop agriculture (our reemerging resource).
On a more serious note I concur with Tristo, & the point made by Nyden re changes as time moves on.
Already we see a lot of renewable energy platforms being fast tracked, as in Wind, Wave & Geothermal & many Co's involved.
Can't remember the exact number, but the entire land used by mining in Australia is .0 something.
So we may as well dig it out, ship it off & make some money, & hope a good portion is put aside to develop agriculture (our reemerging resource).
- Joined
- 14 February 2005
- Posts
- 15,180
- Reactions
- 17,162
The peak principle doesn't just apply to oil. It applies to basically any finite resource (eg the UK coal peak nearly a century ago - coal is a rock much like any other in practical mining terms).
But energy is the big one. If we don't have cheap energy, and in practice that means domestic production, then there goes ALL of our mineral processing stright overseas. It's here not because we have minerals but because we have by world standards very cheap electricity and gas.
I've seen plenty of areas that have been logged, mined, had dams built and so on. In most cases nature recovers surprisingly quickly. Have a look for yourself if you don't believe me. Even the Queenstown (Tas) moonscape has trees on it now and much of it just isn't visible anymore (a point that upsets some locals fearing a drop in tourism if moonscape goes completely).
But minerals don't go back in the ground. That's the far greater problem especially with energy. No cheap electricity and/or gas = NO downstream mineral processing AT ALL. Just look how WA was getting OUT of the mineral processing business at the hands of OPEC prior to the NW Shelf gas. And it will be getting straight back out of it real fast when the gas is gone.
Even more telling is the situation in Tas. A minerals processing industry that dominates the state's exports built on the back of imported minerals. It's no secret that it works solely due to cheap power and that's the ONLY reason any of those plants were built in the first place. Even the paper mills are viable only with cheap power.
Take out the cheap energy and the only thing that works, in practice, is to pursue a massive scale up in low value production no matter what the actual commodity is. And that's when the real concern over the environment will start too.
But energy is the big one. If we don't have cheap energy, and in practice that means domestic production, then there goes ALL of our mineral processing stright overseas. It's here not because we have minerals but because we have by world standards very cheap electricity and gas.
I've seen plenty of areas that have been logged, mined, had dams built and so on. In most cases nature recovers surprisingly quickly. Have a look for yourself if you don't believe me. Even the Queenstown (Tas) moonscape has trees on it now and much of it just isn't visible anymore (a point that upsets some locals fearing a drop in tourism if moonscape goes completely).
But minerals don't go back in the ground. That's the far greater problem especially with energy. No cheap electricity and/or gas = NO downstream mineral processing AT ALL. Just look how WA was getting OUT of the mineral processing business at the hands of OPEC prior to the NW Shelf gas. And it will be getting straight back out of it real fast when the gas is gone.
Even more telling is the situation in Tas. A minerals processing industry that dominates the state's exports built on the back of imported minerals. It's no secret that it works solely due to cheap power and that's the ONLY reason any of those plants were built in the first place. Even the paper mills are viable only with cheap power.
Take out the cheap energy and the only thing that works, in practice, is to pursue a massive scale up in low value production no matter what the actual commodity is. And that's when the real concern over the environment will start too.
Knobby22
Mmmmmm 2nd breakfast
- Joined
- 13 October 2004
- Posts
- 9,684
- Reactions
- 6,539
I saw a comedian who said that China was stealing Australia. Taking our dirt bit by bit till we are a little island
numbercruncher
Beware of Dropbears
- Joined
- 12 October 2006
- Posts
- 3,136
- Reactions
- 1
What do these big holes in the ground end up like I wonder ?
I mean once they are finished do the plant them out, fill up with water, ?
Lots of inland lakes would be a good idea.
I mean once they are finished do the plant them out, fill up with water, ?
Lots of inland lakes would be a good idea.
- Joined
- 14 February 2005
- Posts
- 15,180
- Reactions
- 17,162
Depends on the circumstances.
Filling with water, either naturally (just let it fill up with rain) or intentionally (pump it in, divert a river into the hole) is one option.
For open cut mines it's common to dump the overburden (soil etc) back into worked out sections of the mine. That way the hole is only the size of the useful mineral removed and not the size of all material removed.
For coal mines near power stations it's common to dump the ash into worked out sections of the mine and then landscape it with trees etc.
For small quarries near dam sites etc it's basically a case of level it out and landscape it. Same thing can be done in the downstream area immediately surrounding the dam itself though not to the point of ending up with tree roots going through the structure of the dam. I'm aware of at least one dam that has trees growing on top of it though but it's not at all large.
The Queenstown moonscape was aerially seeded with a mix of seeds and fertilizer. It was done a few times and reasonably successful apart from the totally wrecked area immediately around the mine and old smelter site. The same thing is often done on a smaller scale with quarries, where hills are blasted away for roads or railways etc.
If you have reasonable rainfall then nature is pretty good at restoring itself though. The power industry has to keep clearing the areas under major transmission lines otherwise the trees grow back and, when they get tall enough, all hell breaks loose and the lights go out (fair chance of starting a fire in the process too). Much the same with roads - if you've ever seen a disused road then you'll have noticed that the bitumen slowly breaks up from the edges and nature takes over. Even houses end up being demolished by nature if left long enough (few decades).
numbercruncher
Beware of Dropbears
- Joined
- 12 October 2006
- Posts
- 3,136
- Reactions
- 1
Thanks Smurf, Informative as always !
Councils etc are always looking for landfill, I wonder if there is many cases of dissused open cut mines turning into waste dumps ?
Councils etc are always looking for landfill, I wonder if there is many cases of dissused open cut mines turning into waste dumps ?
Kauri
E/W Learner
- Joined
- 3 September 2005
- Posts
- 3,428
- Reactions
- 11
instead of our pollies trotting off to far flung exotic locations on barely relevant "study trips".. slip them off to exotic Nauru and see what they learn...
Cheers
.........kauri
Cheers
.........kauri
It is surprising what can be made from a hole in the ground. The best one I know of is at Evans Head, Northern NSW. It is the hole left after sand mining and is now an ancient sacred Aboriginal water hole. There are also some great water holes in central Victoria that were once mines and quaries. Most coal mine sites in the Hunter Valley are returned to grazing land. Anything within a hundred miles of the major cities will probably be filled with garbage and be sacred sites in the future. The hills of Iron ore will become the tablelands of the west. Those things are not a problem. The problem is that the countries income will dry up unless we get very lucky, but then we are the lucky country aren't we.
numbercruncher
Beware of Dropbears
- Joined
- 12 October 2006
- Posts
- 3,136
- Reactions
- 1
Erm ......
Is it just me or does that sentence sound really bizarre ? or brazingly typical perhaps ?
Actual fact. I worked for the sand mining company when the area was mined. The dredge pond was dug by my stepfather and after mining was completed the waterhole was left and the area revegetated. The same applies to a lot of the so called "virgin" coastal national parks. I was there, this is not hearsay.
Nyden
G.E. Money Genie
- Joined
- 23 May 2007
- Posts
- 1,368
- Reactions
- 1
- Joined
- 2 May 2007
- Posts
- 4,708
- Reactions
- 2,938
My
is that will be real test for our resilence.
All Australians will have to work harder 14 hours a day, no sick leave, no DOLE, no whinging, no one to complain if the police comes in the day light and take you to jail, no more Aussie Stock Forum to exchange share market information. Positive will be we all love how wonderful this Aussie Land was which we have been digging and digging with no core left for the nation.
Plus we can not say it is racist taunt when year of monkey or goat comes to celebrate
is that will be real test for our resilence.All Australians will have to work harder 14 hours a day, no sick leave, no DOLE, no whinging, no one to complain if the police comes in the day light and take you to jail, no more Aussie Stock Forum to exchange share market information. Positive will be we all love how wonderful this Aussie Land was which we have been digging and digging with no core left for the nation.
Plus we can not say it is racist taunt when year of monkey or goat comes to celebrate
- Joined
- 28 May 2006
- Posts
- 9,985
- Reactions
- 2
spot on mate lol
looks like a bad case of Acne hit the landscape yes?
Nauru will slowly grind to a halt I guess as the phosphate is finished. Then again they've got a few investments in Aus etc (not that they've done that well - and not that I've been following it)
Good news is that Aus can always go back to shearing sheep, spinning wool, knitting jumpers, and growing carrots I guess
Similar threads
