Category: Mining

ESG investing in the pink, green and black – Michael West

Award for making Australia lag behind the rest of the world and proud of it. That’s a business leader in this country

“We were doing sustainable development long before Wall Street discovered ESG,” mining legend Mitch Hooke says.

The veteran of political and industry battlegrounds starred at a recent mining conference where executives debated what other letter should go into the “E” for environmental, “S” for social and “G” for governance equation.

“And I’m sitting there screaming economic,” he told international delegates in Sydney.

“You cannot be in the pink – for social – or the green – for environmental – if you’re not in the black, and that’s what sustainable development gives you.”

Once head of the powerful Minerals Council of Australia, striding the corridors of Parliament House to advise governments, he led the campaign more than 10 years ago against a mining super profits tax.

In Kevin Rudd’s words, Mr Hooke has also been “one of the most destructive voices in Australian national climate change action”.

Accepting the Legend in Mining Award at a glittering industry dinner, Mr Hooke says the Australian mining industry took on board the commitment to sustainable development decades ago and “set up a whole stack of standards”.

“If you look back at where we were in 2002, we have a lot to be proud of,” he says, to a round of applause.

Source: ESG investing in the pink, green and black – Michael West

Country for Bad Dreams: Vandalism on the Nullarbor Plain – » The Australian Independent Media Network

Within the wheels of the company, blissful ignorance reigned. Rio Tinto’s head of corporate relations, Simone Niven, was not only based in London but had little idea about the significance of the Juukan Gorge caves. Relations could hardly be counted as her strong suit.

Conforming to previous instances of such vandalism, penalties are being called for regarding the perpetrators of the graffiti. Under the legal regime, damaging such sites can carry a fine of $A10,000 or six months in prison. But the harm has been done; again, history has been left poorer, and the dreams worse than ever.

Source: Country for Bad Dreams: Vandalism on the Nullarbor Plain – » The Australian Independent Media Network

Murdoch media, Nine Entertainment, mining lobby, busted for record bullartistry, go into hiding – Michael West

Minerals Council of Australia, Deloitte, taxes and royalties, Australian mining

The Minerals Council of Australia, a foreign-controlled mining lobby, has duped Australia’s major media in an $80bn PR scam by falsely claiming more than $72 billion of GST payments to exaggerate the contribution of the minerals industry to Australia. Callum Foote reports.

Source: Murdoch media, Nine Entertainment, mining lobby, busted for record bullartistry, go into hiding – Michael West

Battle For Bulga: Rio Tinto Prepares To Crush Another Tiny Town, This Time In Australia – New Matilda

The mining giant’s history of destruction spans much of the globe, but you don’t have to travel the seas to see it. Bulga, just north of Sydney is one of the latest casualties. Greens Senator Lee Rhiannon, however, won’t get to see it – she’s been punted by Rio Tinto from a ‘community tour’ ofMore

Source: Battle For Bulga: Rio Tinto Prepares To Crush Another Tiny Town, This Time In Australia – New Matilda

The Rising Tide Of Mining Executives’ Tears – New Matilda

“Imagine yourself standing in the ocean and you are digging your toes into the sand, trying to keep your head above the water as each wave rolls past.” Who could that be? An unnamed scientist at the CSIRO, whose job in climate research fell to the axe in the latest wave of cuts? Perhaps aMore

Source: The Rising Tide Of Mining Executives’ Tears – New Matilda

Inquiry Targeting Green Groups Accidentally Exposes $145 Million Mining Tax Dodge

Mining companies get to exert influence over government via lobbying, and then claim some of the money they spend doing it back in tax. Thom Mitchell reports.

The Australia Institute has revealed that the mining industry enjoys a bigger tax break on its lobbying activities than the environmental organisations forced under the microscope of a parliamentary inquiry.

Lobbying organisations like the New South Wales Minerals Council kicked up a stink earlier this year, complaining that environmental groups have been engaging in ‘political’ lobbying at the same time as enjoying a tax-deductible status on donations.

The Chief Executive Officer of the NSW mining lobby, Stephen Galilee, argues “the fact that these groups can ask the public for money, promoting donations as being ‘tax deductible’ is an outrageous abuse of taxpayer dollars”.

“These protest organisations should not receive special tax treatment,” Galilee said in February.

By March, the Federal Environment Minister, Greg Hunt, had established a lower house inquiry into the tax-free status of donations made to green groups listed on the Register of Environmental Organisations.

In an ironic twist, the inquiry has now put the spotlight on the fact that mining companies are able to claim their expenses on lobbying activities as a business activity and reap deductions in company tax.

The Australia Institute report estimates that, of the roughly $484 million spent on lobby groups like the New South Wales Minerals Council and Australian Petroleum Production and Exploration Association, $145 million has been forgone in company tax.

Over the last five years, the Australia Institute report found, mining companies have avoided around $20 million of company tax each year. By the New South Wales Mineral Council’s own calculations, key environmental charities avoid just $18 million because of their privileged tax status.

This makes up just 0.005 per cent of Federal revenue, but in its submission to the inquiry the New South Wales Minerals Council expresses its concern that a “significant amount of tax [is] lost through professional activist groups like Lock the Gate receiving Deductible Gift Recipient status”.

In its report, the Australia Institute moves to allay the lobby group’s fears, arguing that because of the simplistic analysis the significance of the foregone tax from environmental charities is likely to be overstated.

The $20 million of tax lost to mining lobbying, however, “is likely to be just the tip of the lobbying iceberg” because it only takes into account the money paid out to big lobbying organisations, not third party companies or in-house lobbyists.

In fact, the mining sector employs 15 per cent of the third-party lobbyists on the Commonwealth Register of Lobbyists, but just two per cent of the broader workforce. The expenditure for that lobbying activity is not covered by the Australia Institute report.

In what some might consider a testament to their lobbying success, the Federal government has been supportive of the mining industry’s outrage at environmental organisations’ tax status, with some MPs backing calls for the not-for-profits’ work to be restricted to ‘on-ground’ activities if they want to continue to enjoy a tax-deductible status.

The Law Council of Australia, however, takes a very different view. “Advocacy activities [should] continue to be recognised as legitimate activities undertaken by environmental groups to protect the environment,” the Law Council said in its submission to the inquiry.

In fact, it recommends that the government “broaden the scope of legitimate charitable activities for environmental organisations” because “activities that can be characterised as seeking to protect the natural environment are not limited to those that involve physical on-ground works”.

“In particular, education activities, advocating for effective regulation of activities that may impact on the environment, and providing legal advice and representation in respect of environmental law matters can be activities directed to the achievement of protection of the natural environment.”

It’s a point the Australia Institute echoed in its report when it noted that “in contrast to the activities of environment groups, which often deliver clear public benefit, tax-deductible lobbying from the mining industry tends to work against the public interest”.

“These organisations provide a counterpoint to the hundreds of millions, perhaps billions, of dollars spent on lobbying by the mining industry in recent years”.

The inquiry continues.

– See more at:

Give us our cut : Kay Lee


We went about the mining tax the wrong way.  Not because we let the mining companies write it.  Not because we allowed accelerated depreciation during their construction phase effectively making the early revenue returns insignificant.  Not because we attached expenditure to money we had not yet received.  And not because we removed the tax just as they were moving into production phase which would have ramped up returns.

It was wrong to ask the mining companies for money.  Despite the billions in profit they make each year, these companies invest a very large amount of money employing accountants to minimise their tax through various legal, if unethical, methods.  We seem either unable or unwilling to close these loopholes and make companies pay the appropriate level of taxation on their profits so we need a new approach.

As we have discussed many times here, we are not constrained by money.  Government spending and taxation are merely tools to control the amount of money in circulation, offering a stimulus or brake as needed to boost employment or dampen inflation.  Talk of debt and deficit is largely irrelevant.

More importantly we need to ask what sort of society do we want? Do we have the physical resources to support that society?

East coast gas prices are expected to rise sharply from 2016-17, as Queensland gas exports link domestic prices to the international market.  Demand from overseas is far greater than the domestic market and prices are much higher on the international market.  Without a carbon price (and possible changes to the renewable energy target), if the gas price increases, coal-fired electricity will be more economic and our emissions will almost certainly rise.

In any mining venture we, the people of Australia, are the major shareholder.  We own the resources and our government sets the conditions for approval to develop them.  We need to remember that and use it to our advantage.

Rather than see our finite resources lost forever with the profits lining the pockets of foreign shareholders, we should be given a percentage of all production – not in money but in mined resources.

If we are given a proportion of the iron ore, coal, oil and gas mined here it would significantly reduce the cost to build things like the high speed rail or to provide power to hospitals and schools.  Silica is used in many things from concrete to computer chips to solar panels and water filtration.  If we kept some of the aluminium and all the other resources that are mined here we could save so much money building infrastructure and employing people in the process.

Forget taxation.  Accountants can play their shenanigans with tax havens and profit shifting and company restructuring  and accelerated depreciation all they like.  If we kept, say, 10% of the production of any mine it would be far more valuable than numbers on any fiscal statement.

We have the power, let’s use it.

White Australia is also treated like the first peoples when banks government and mining is concerned. Imagine the ANZ coming to you and saying your house has devalued your mortgage is now too high we are going to sell you up.


***there have been over 900,000 readers of this post in 22 hours;
Politicians of Australia, the people are speaking – and you need to listen.
The team of people who are supporting David – who is flat out working and operating on horses right now – took a call from one of Australia’s most respected and best loved former political leaders this morning who said:


Dear Men and Women of Australia,

There are two photographs on this page, and while they might look like father and daughter, they are separated by two nations, one ocean and some seventy years.

Yet incredibly, they are both part of the same tragedy, the kind that leaves deep and irreparable scars on a nation and its people for a lifetime.

The young woman who was born in 1907. The elderly man who was born twenty years later in 1927.

The photograph of the woman was taken in the Great Depression of 1936 when the man was still only 9 years old.

Her name was Florence Owens Thompson and she was a 32 year old mother of seven who was photographed sitting homeless in a tent. The image was published across the newspapers of America and it managed to enrage the nation, because people could not believe that Americans could be treated in such a way.

It forced President Roosevelt to act, to step up and become a leader for his times: he launched soup kitchens, work gangs, programs for the homeless, dams and roads and railways were built – and he gave his people hope.

John Steinbeck later wrote a book called The Grapes of Wrath which became an American literary Icon. It was about a drought that made the farmers penniless – and how the banks had forced them off their land so they could sell it on to the big powerful corporations. What happened to the farmers of Oklahoma ultimately carved a deep and shameful scar across the American identity that was felt throughout the Twentieth Century.

The second photograph on this page is of Charlie Phillott, now 87, an elderly farmer from the ruggedly beautiful Carisbrooke Station at Winton. He has owned his station since 1960, nurtured it and loved it like a part of his own flesh. He is a grand old gentleman, one of the much loved and honoured fathers of his community.

Not so long ago, the ANZ bank came and drove him off his beloved station because the drought had devalued his land and they told him he was considered an unviable risk. Yet Charlie Phillott has never once missed a single mortgage payment.

Today this dignified Grand Old Man of the West is living like some hunted down refugee in Winton, shocked and humiliated and penniless. And most of all, Charlie Phillott is ashamed, because as a member of the Great Generation – those fine and decent and ethical men and women who built this country – he believes that what happened to him was somehow his own fault. And the ANZ Bank certainly wanted to make sure they made him feel like that.

Last Friday my wife Heather and I flew up with Alan Jones to attend the Farmers Last Stand drought and debt meeting in Winton. And after what I saw being done to our own people, I have never been more ashamed to be Australian in my life.

What is happening out there is little more than corporate terrorism: our own Australian people are being bullied, threatened and abused by both banks and mining companies until they are forced off their own land.

So we must ask: is this simply to move the people off their land and free up it up for mining by foreign mining companies or make suddenly newly empty farms available for purchase by Chinese buyers? As outrageous as it might seem, all the evidence flooding in seems to suggest that this is exactly what is going on.

What is the role of Government in all of this? Why have both the State and Federal Government stood back and allowed such a dreadful travesty to happen to our own people? Where was Campbell Newman on this issue? Where was Prime Minister Abbott? The answer is nowhere to be seen.

For the last few months, the Prime Minister has warned us against the threats of terrorism to our nation. We have been alerted to ISIS and its clear and present danger to the Australian people.

Abbott has despatched Australian military forces into the Middle East in an effort to destroy this threat to our own safety and security. This mobilization of our military forces has come at a massive and unbudgeted expense to the average Australian taxpayer which the Prime Minister estimates to be around half a billion dollars each year.

We are told that terrorism is dangerous not only because of the threat to human life but also because it displaces populations and creates the massive human cost of refugees.

Yet not one single newspaper or politician in this land has exposed the fact that the worst form of terrorism that is happening right now is going on inside the very heartland of our own nation as banks and foreign mining companies are deliberately and cruelly forcing our own Australian farmers off the land.

What we saw in the main hall of the Winton Shire Council on Friday simply defied all description: a room filled with hundreds of broken and battered refuges from our own country. It was a scene more tragic and traumatic than a dozen desperate funerals all laced onto the one stage.

Right now, all over the inland of both Queensland and NSW, there is nothing but social and financial carnage on a scale that has never before been witnessed in this nation.

It was 41 degrees when we touched down at the Winton airport, and when you fly in low over this landscape it is simply Apocalyptic: there has not been a drop of rain in Winton for two years and there is not a sheep, a cow, a kangaroo, an emu or a bird in sight. Even the trees in the very belly of the creeks are dying.

There is little doubt that this is a natural disaster of incredible magnitude – and yet nobody – neither state nor the federal government – is willing to declare it as such.

The suicide rate has now reached such epic proportions right across the inland: not just the farmer who takes the walk “ up the paddock” and does away with himself but also their children and their wives. Once again, it has barely been covered by the media, a dreadful masquerade that has assisted by the reticence and shame of honourable farming families caught in these tragic situations.

My wife is one of the toughest women I know. Her family went into North West of Queensland as pioneers one hundred years ago: this is her blood country and these are her people . Yet when she stood up to speak to this crowd on Friday she suddenly broke down: she told me later that when she looked into the eyes of her own people, what she saw was enough to break her heart

And yet not one of us knew it was this bad, this much of a national tragedy. The truth is that these days, the Australian media basically doesn’t give a damn. They have been muzzled and shut down by governments and foreign mining companies to the extent that they are no longer willing to write the real story. So the responsibility is now left to people like us, to social media – and you, the Australian people.

And so the banks have been free to play their games and completely terrorise these people at their leisure. The drought has devalued the land and the banks have seen their opportunity to strike. It was exactly the excuse that they needed to clean up and make a fortune, because once the rains come – as they always do – this land will be worth four to ten times the price.

In fact, when farmers have asked for the payout figures, the banks have been either deeply reluctant or not capable of providing the mortgage trail because they have on-sold the mortgage – just like sub-prime agriculture.

This problem isn’t simply happening in Winton, but rather right across the entire inland across Queensland and NSW. The banks have been bringing in the police to evict Australian famers and their families from their farms, many of them multigenerational. One farmer matter of factly told us it took “oh, about 7 police” to evict him from his first farm and “maybe about twelve” to evict him from his second farm which had been in his family for many generations. You think they are kidding you. Then you see the expression in their eyes.

And there was something far worse in the room on Friday: the fear of speaking out against the banks: when we asked people to tell us who had done this to them, they would immediately start to shake and cry and look away: They have been silenced to protect the good corporate image of their tormentors called the banks. What in God’s name have the bastard banks been allowed to do to our people?

This is a travesty against the rights and the human dignity of every Australian

So it’s only fair that we start to name a few of major banks involved: The ANZ is a major culprit (and they made $7 billion profit last year). Then there is Rabo, which is now owned by Westpac (who paid CEO Gail Kelly a yearly salary of some $12 million) According to all reports, the NAB and Bank West are right in there at the trough as well – and all the rest of them are equally guilty. For any that we have missed, rest assured they will be publicly exposed as well

But here’s the thing: when these people are forced off their farms, they have nowhere to go. There are no refugee services waiting, such is the case for those who attempt to enter the sovereign borders of this nation. The farmers simply drive to the nearest town – that’s if the banks haven’t stripped their cars off them as well – and they try and find somewhere to sleep. Some are sleeping on the backs of trucks in swags. There is basically no home or accommodation made available to take them. They camp out, shocked and broken and penniless – and they are living on weet bix and noodles. If there is someone that can lend a family enough money to buy food, they will: otherwise they are left completely alone.

And consider this: not one of them has asked for help. Not one. They just do the best they can, ashamed and broken and brainwashed by the banks to believe that everything that has happened is completely their own fault

There is not one single word of this from a politicians lips, with the exception of the incredibly courageous father and son team of Bob and Robbie Katter, who organised the Farmers Last Stand meeting. The Katter family have been in the North since the 1890’s, and nobody who sat in that hall last Friday could question their love and commitment to their own people.

There is barely a mention of any of this as well in the newspapers, with the exception of as brief splash of publicity that followed our visit.

The Minister for Agriculture Barnaby Joyce attended the meeting in a bitter blue-funk kind of mood that saw him mostly hunched over and staring at the floor. He had given $100 million of financial assistance in a lousy deal where the Government will borrow at 2.75% and loan it back at 3.21%.

The last thing these people need is another loan: they need a Redevelopment Bank to refinance their own loans: issuing a loan to pay off a loan is nothing more than financial suicide.

The reality is that Joyce cannot get support from what he calls “the shits in Cabinet” to create a desperately needed Redevelopment Bank so that these farmers can get cheap loans to tide them through to the end of the drought.

Our sources suggest that those “shits in Cabinet” include Malcolm Turnbull – Minister for Communications and the uber-cool trendy city-centric Liberal in the black leather jacket:, Andrew Robb – Minster for Trade and Investment and the man behind the free trade deal, the man who suddenly acquired three trendy Sydney restaurants almost overnight, the man who seems to suddenly desperate to sell off our farms to China – and one Greg Hunt, Environment Minister and the man who is instantly approving almost every single mining project that is put in front of him.

At the conclusion of the meeting, we stood and met some of the people in the crowd. My wife talked to women who would hug her for dear life, and when they walked away people would suddenly murmur “oh, she was forced off last week” or “they are being forced off tomorrow” . Not one of them mentioned it to us. They had too much pride.

The Australian people need to be both informed and desperately outraged about what is being done to our own people. This is about every right that was once held dear to us: human rights, property rights, civil rights. And most all, our right to freedom of speech. All of that has been taken away from these people – and the rest of us need to understand that we are probably next.

In the last four weeks the Newman Government has removed all farmers rights to protest to a mine and given mining companies the rights to take all the water they want from the Great Artesian Basin – and at no cost to them at all.

And all of this has happened under the watch of both Premier Newman and Prime Minister Abbott.

Until Friday, we used to think of Winton as the home of Waltzing Matilda: it was written at a local station and first performed in the North Gregory Hotel. I think it was Don McLean who wrote, “something touched me deep inside…the day the music died”… in his song American Pie, and for us, last Friday was the day music died.

We will never be able to sing Waltzing Matilda again until we see some justice for these people, and all the farmers of the inland.

This is no longer the Australia we once knew: no longer our country, no longer our people, no longer the decent caring leaders we once remembered.

Right now, the banks, the mining mates, the corrupt politicians and all the ‘mongrels in suits’ have won – and the Australian people don’t have a clue what has been done to them.

Like the American Depression and the iconic photograph of Florence Owens Thompson, there is a terrible, gaping wound that has been carved across the heartland of this nation.

We need to fully grasp that, and to understand that our people – dignified, decent and honourable old men like Charlie Phillott – have been deliberately terrorized, brutalised – and sold out.

In one sense, Charlie Phillott has become the symbol overnight of every decent Australian: the simple right to live out our lives on the land we love – and the land we are still free to call our own. At least until some dangerously persuaded corrupted trendy liberal theorist decided to strip all that away.

The truth is, no Australian was ever consulted about whether or not they wanted to see their land mined into oblivion or see our precious water poisoned and given away for free, whether they wanted to be driven off their land by the greed of banking executives who saw the chance to make a profit by wiping out the weakest and most vulnerable amongst us.

No Australian was ever consulted about whether or not we wanted to see our beloved homeland sold on the cheap to greedy faceless foreigners just because some slimy two-faced minister managed to convince a weakened prime minster to meekly carry out his bidding.

Nobody has asked us. We the People. Not once.

So if we are ever going to do something, then we’d better realise that its now only two minutes to midnight – so we’d better move fast.



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