It is open to all companies, not just international ones. This is nothing new, they have been doing this for decades. Companies have to tender, guaranteeing that they will spend a certain amount of money on exploration, and the one that offers the most for the part of the area they want (as well as adequate expertise) gets to spend their money on it. The government has introduces a new 2.75% royalty on any gold produced that goes to the Victorian government, that is inexcapable, on top of normal Federal income tax on profits. Mining is around 60% of Australia's exports and directly employs 200,000 people, and provides $30 billion dollars per year in taxes and royalties to government. Damned if I know why we have these myths - it is not Google or Apple that can shift around where they supposedly earn their income because they are on line. There is just so much mythology about mining - without it our economy would collapse overnight - it is worth many times our total agricultural exports of all types.RM Outback said:International Companies why not a local company that pays tax to our economy. Wouldn't surprise me if the current scumbags in government sell it all to China, smells of shifty politics if you ask me
Nothing to get excited about if anything this could cause us to loose more ground than what is already at stake And to say East and North East of Bendigo is that not part of the ground we just lost under Djadjawurrung ownership :8 could mean the Djadjawurrung people might end up with some extra coin in their pockets.
A third of it is not deep, but it changes nothing for prospectors either way.HoudiniHarry said:no prospecting all very deep mining area.
cheers
hh
mbasko said:Doesn't really say if it will be open to all prospecting?
It mentions a tender process aimed at companies to be awarded the exploration rights so I wouldn't expect a free for all!
RM Outback said:International Companies why not a local company that pays tax to our economy. Wouldn't surprise me if the current scumbags in government sell it all to China, smells of shifty politics if you ask me
Nothing to get excited about if anything this could cause us to loose more ground than what is already at stake And to say East and North East of Bendigo is that not part of the ground we just lost under Djadjawurrung ownership :8 could mean the Djadjawurrung people might end up with some extra coin in their pockets.
While I may not be impressed with the Victorian government, I don't quite understand how it differs from what the Federal government does.diggin4gold said:RM Outback said:International Companies why not a local company that pays tax to our economy. Wouldn't surprise me if the current scumbags in government sell it all to China, smells of shifty politics if you ask me
Nothing to get excited about if anything this could cause us to loose more ground than what is already at stake And to say East and North East of Bendigo is that not part of the ground we just lost under Djadjawurrung ownership :8 could mean the Djadjawurrung people might end up with some extra coin in their pockets.
You Victorians are funny.
This is the reason why.
***** happens I guess if you want these ********* in power.
https://www.abc.net.au/news/2019-10...th-china-controversial-belt-and-road/11636704
goldierocks said:It is open to all companies, not just international ones. This is nothing new, they have been doing this for decades. Companies have to tender, guaranteeing that they will spend a certain amount of money on exploration, and the one that offers the most for the part of the area they want (as well as adequate expertise) gets to spend their money on it. The government has introduces a new 2.75% royalty on any gold produced that goes to the Victorian government, that is inexcapable, on top of normal Federal income tax on profits. Mining is around 60% of Australia's exports and directly employs 200,000 people, and provides $30 billion dollars per year in taxes and royalties to government. Damned if I know why we have these myths - it is not Google or Apple that can shift around where they supposedly earn their income because they are on line. There is just so much mythology about mining - without it our economy would collapse overnight - it is worth many times our total agricultural exports of all types.RM Outback said:International Companies why not a local company that pays tax to our economy. Wouldn't surprise me if the current scumbags in government sell it all to China, smells of shifty politics if you ask me
Nothing to get excited about if anything this could cause us to loose more ground than what is already at stake And to say East and North East of Bendigo is that not part of the ground we just lost under Djadjawurrung ownership :8 could mean the Djadjawurrung people might end up with some extra coin in their pockets.
https://www.minister.industry.gov.a...nomy-australian-governments-priorities-mining
We have foreign investment because we CANNOT raise the money in Australia for big projects - not even a small percentage of it.
This release has no relevance to prospectors.
Swinging & digging said:goldierocks said:It is open to all companies, not just international ones. This is nothing new, they have been doing this for decades. Companies have to tender, guaranteeing that they will spend a certain amount of money on exploration, and the one that offers the most for the part of the area they want (as well as adequate expertise) gets to spend their money on it. The government has introduces a new 2.75% royalty on any gold produced that goes to the Victorian government, that is inexcapable, on top of normal Federal income tax on profits. Mining is around 60% of Australia's exports and directly employs 200,000 people, and provides $30 billion dollars per year in taxes and royalties to government. Damned if I know why we have these myths - it is not Google or Apple that can shift around where they supposedly earn their income because they are on line. There is just so much mythology about mining - without it our economy would collapse overnight - it is worth many times our total agricultural exports of all types.RM Outback said:International Companies why not a local company that pays tax to our economy. Wouldn't surprise me if the current scumbags in government sell it all to China, smells of shifty politics if you ask me
Nothing to get excited about if anything this could cause us to loose more ground than what is already at stake And to say East and North East of Bendigo is that not part of the ground we just lost under Djadjawurrung ownership :8 could mean the Djadjawurrung people might end up with some extra coin in their pockets.
https://www.minister.industry.gov.a...nomy-australian-governments-priorities-mining
We have foreign investment because we CANNOT raise the money in Australia for big projects - not even a small percentage of it.
This release has no relevance to prospectors.
You might want to go and state those facts to the protestors out the front of a Mining Conference held in Melbourne this week.
Amazing what the media has said in support of childish distortions from the left about mining.
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