Dsmithy70 wrote on Aug 16
th, 2010 at 11:51am:
deepthought wrote on Aug 16
th, 2010 at 6:38am:
Perhaps it is to try to redress some of the ills the GALP have delivered to us?
Under the GALP there has been an unprecedented sell off of mines, mining companies and infrastructure development to the Chinese government.
If we can get local miners to develop materials rather than just sell the farm to foreign governments some of the money may stay here?
Please name the Australian Government owned mines sold to China.
You cant can you
2 reasons
1) no mines are owned by the Australian Government
2) see 1 & therefore they cannot sell any
Private enterprise has sold the mines to China & if Labor tried to stop it you'd be howling government interference,COMMUNISM etc etc.
Your HYPOCRISY is breath taking, stick with dog whistles.
Oh & BTW the development of materials is called MANUFACTURING something both
Liberal & Labor governments have watched die.
Again the HYPOCRISY at laying the blame at just 1 party shows how one eyed your thinking is.
Does a parrot live on your shoulder me'hearty???
Have you heard of the Foreign Investment Review Board (FIRB)?
In order for foreigners to purchase property an application must be lodged with the FIRB.
You will note I did not say that the Australian Government sold a mine, and once you read my post again (possibly for the first time) you will see I actually said
"there has been an unprecedented sell off of mines, mining companies and infrastructure development to the Chinese government".
The government (via the FIRB) determines what is or is not sold, and major decisions are generally escalated all the way to the minister responsible.
While the coalition rejected previous bids for such holdings on the basis that the best interests of the nation are not served by foreign governments owning Australia's mines, the GALP had no such reservations and for the first time in Australia's history a foreign government controlled mines in Australia.
Quote:Felix Resources takeover given nodTHE Rudd Government has approved China's biggest-ever takeover in Australia's mining sector, Yanzhou Coal's $3.3 billion bid for Queensland's Felix Resources, subject to a long list of conditions.
"It represents the first time a Chinese state-owned enterprise operating in Australia will list on our stock exchange.
This is the GALP you defend. They sold Australia by the tonne while you denied it was happening.