Is Australia Really a Top Mining Jurisdiction?
We’ve got stories of two different mining companies, Regis Resources (RRL) & Silver Mines (SVL), who’ve both had their projects put on indefinite ice following separate government/court rulings. There’s lots for us to debate here.
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CHAPTERS
0:00:00 Introduction
0:02:06 Regis McPhillamys “not viable”
0:18:11 What next for Regis
0:29:09 Silver Mines lose Bowdens approval
0:36:41 Consequences for mining in Australia
0:45:17 Antimony flies on China ban
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All information in this podcast is for education and entertainment purposes only and is of general nature only.
The hosts of Money of Mine (MoM) are not financial professionals. MoM and our Contributors are not aware of your personal financial circumstances. Before making any investment decision, you should consult a licensed financial, legal or tax professional.
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35 Comments
"It just aint that simple….it might be for someone from the Government" 🤣
Follow the cows . . .
Did they fire Travis or did he have a large leave balance?
It’s about time for a company to challenge native title. Otherwise this kind of thing will happen more frequently going forward as the traditional groups and the other interest groups latch onto this cash cow.
Its funny how traditional owners never seem to stop 183k of hectares of native bush been destroyed for wind turbines ?😡
Speaking of Antimony, my uranium stocks have been antimoney lately.
they reckon they gonna develop downstream mineral processing? these people make absolutely no sense
This is why labour love an indigenous elite they can call on to do their bidding. This is the real reason they wanted 'treaty'. Not for any indigenous benefit – but so they can continue to feather their own political nests with decisions like this.
No. That distinction now goes to Niger.
Vote of no confidence in this government 400 jobs gone in Lue
Bunch of Socialist NSW is the New Mexico
Critical minerals ain’t that critical after all what a joke
Re 15:43 – just confirming that the Wiradjuri and the section 10 applicant were one of the thirteen registered aboriginal parties engaged with during the IPC approval process. The Wiradjuri made a number of submissions to the IPC including interviews
Ah chew, wef
From the Lucky Country to the Loser Country.
L.A.B.O.R – was rusted on from convict stock – thanks for the rust-remover (these 2 companies) – c.u.later…
Sue her!!!! The regulator is not allowed to choose a different indigenous group's claim that has no official standing.
The government red tape and useless decision makers not only waste company’s time and efforts but also share holders time and effort as some people might be able to invest in small amounts of money and can’t afford to spread a lot of money over more a grade shares and they rely on the growth of the share to help get them out of a rut or low quality of life
The politicians are wrecking this country, most useless people on the earth
If you cannot put in power cable to a mine then how the hell is Chris Bowen going to run miles and miles of cable for all his renewables he wants to install.
We can have respect for traditional owners but let's not forget who are the current owners.
Make all politicians do a stint working in a mine I say!
When you vote for labor, you get the greens….
Invest in NSW, get ‘sovereign risk’.
Whilst both these projects were not brilliant economically, these decisions and timing of these decisions does create a real sovereign risk environment for mining development and potential in Australia. The relevant industry bodies funded by the industry has to fight this and if necessary become political as the federal election looms. We need pro mining information and it’s importance to Australia presented to people in all media outlets.
It’s becoming more and more apparent to me that “resource locking” is the policy.
What for, perhaps for the victor post a world war.
We’re selling gas to them for peanuts for them to onsell (export) the excess.
Yet we don’t have an adequate Australia first policy (like the US). I understand WA has such a policy (for now), however that doesn’t help the east coast gas shortage.
Strewth this bloody bloke needs to stop trying so bloody hard to be authentically bloody Australian.
Some places are not suitable for mining. Gold isnt a critical mineral.
Ridiculous decision is this the start of the Labor governments antics with mines, not sure what will come from it but have sent a letter to the minister asking for clarification. I'm not expecting anything but i can keep you updated. Maybe all the money of miners if they have issues should send her an email and show what and how this decision has angered no just the company but to the people of Australia and investors.
I’m an overseas investor and my reason to invest in Silvermines was due to the green revolution, Australian legal stability and the fact SLV already had approvals. I was taken by surprise and had a huge loss. It brought my portfolio to its knees. Only way now is out of Australia. Too much British uptightness gone wrong. For this risk/reward you better off in Congo. Will certainly share my experience with as many investors as I can; “Australia investing? Beware!! Better wait for when the house more organised after Chinese invasion.
Excellent commentary Matt. Nome of the Politicians mentioned (and few you didn't) could run a chook raffle in a country pub.
“Righto Money Miners”. Iconic.
SWIFTIES for TRUMP will soon get this SORTED
So on the one hand we want a minerals industry but on the other hand we will overwrite in situ processes to result in increased sovereign risk of investment.
BHP have also warned about what is happening in Australia
Great show guys, i left a comment a few months back requesting some chat on Lavotto Resources up nearly 400% now. Interesting they need to relocate their TSF as well. Could you guys please do a deeper dive and some more chat……………
I smell hostile takeovers….
Great show guys and share your concerns 100% . Stakeholders invested need certainty. Not have all the rules in place and then overturn them on a “whim” …
Fast becoming a third world country. Only a heritage site when it suits them, the world must be laughing at Australia with all this shit going on.
I was not going to invest in Africa, now I'm not going to invest in Australian mines anymore after this. What a disgrace completely political coming into an election. Talk about sovereign risk. Holder of SVL