Armchair_Politician wrote on Jun 24^th, 2014 at 6:07pm:


Should report you for personal abuse but I won’t.

I will merely say you are blind. I SAID I don’t blame the govt. A visit to the optometrist is indicated.

St George of the Garden wrote on Jun 24^th, 2014 at 6:43pm:


What you said implied that the government COULD sack those workers! 

You can't just choose a thing that is occurring and say it is the cause.

Swagman wrote on Jun 24^th, 2014 at 8:03pm:


see that's where you go wrong ...

you simply making a claim does not in any reality constitute  evidence ...

AUSTRALIA'S global share of the capital raised for mining projects has sunk from 21 per cent to 15 per cent since 2008 as other countries such as Russia, India and China attracted tens of billions of dollars in additional funding. 
 
The fresh data prompted one mining lobby group to claim the difficulties being experienced by miners in raising equity capital were being fuelled by investor uncertainty over the Gillard government's mining and carbon taxes.

The figures, which were compiled by research firm Intierra and the Association of Mining and Exploration Companies, show that the value of capital raisings in Australia increased slightly from $4.3 billion to $4.5bn between 2008 and 2011.

But in the same period, the value of capital raisings rose strongly in Africa (up 26 per cent), Canada (up 31 per cent), South America (up 59 per cent) and the rest of the world (up 78 per cent).

The latter category comprises Europe and Asia, including countries with fast-growing mining sectors such as China, India, Indonesia, Russia and Spain.

That region now boasts 45 per cent of the total capital raised for mining projects.

AMEC national policy manager Graham Short said the data proved federal and state governments had to recognise Australia must become more competitive in attracting investment.

He said Australia must examine its public policy settings, including its environmental approvals system and tax regimes

When you look at the numbers, this really highlights that we are not the only country in the world with minerals," he said.

"We have extreme concerns with things like the mining tax and carbon tax."

The figures come after ASX chief executive Elmer Funke Kupper said last week the exchange planned to relax its capital raising rules in a bid to become more competitive with global bourses, including Toronto.

Many small mining and exploration companies rely on equity raisings as their only source of funding because they do not generate revenue and are unable to access bank lending.

During a visit to Perth to speak to mining industry bosses, Mr Funke Kupper said other markets allowed a company to raise up to 25 per cent of its capital base in one hit without seeking shareholder approval, but in Australia the limit was 15 per cent.

"We have to make sure our capital raising rules are tailored for the industries we are trying to grow here, and mining needs money to fund exploration."

The study shows that Africa's share of the total capital raised for minerals projects fell from 17 per cent to 15 per cent between 2008 and 2011, while Canada's declined from 16 per cent to 14 per cent and South America increased its share from 8 per cent to 9 per cent.

Australia's share of total capital raised fell from 21 per cent to 15 per cent during that period.

Mr Short said a recent survey of global mining executives by Canada's Fraser Institute showed no Australian jurisdiction was ranked in the global top 10 for its investment climate.

St George of the Garden wrote on Jun 24^th, 2014 at 3:43pm:


3000 BHP workers sacked
Today at 3:43pm [highlight]

[highlight]If you not be a liar,  cut and paste or provide link.