No Resource Rent Tax for Olympic Dam uranium mine

Done deal for Rann as Olympic Dam emerges unscathed , David Nason : The Australian * July 03, 2010 THE compromise mining tax won’t wring a single extra cent from the country’s biggest proposed mining project in South Australia. BHP Billiton’s $20 billion-plus Olympic Dam expansion in South Australia is exempt from the new tax, or as South Australian Chamber of Mines and Energy chief executive Jason Kuchel put it yesterday, “out of the firing line”……
I’m delighted,” Mr Rann said. “I spoke with Julia Gillard on Wednesday and told her our views . . . in terms of Olympic Dam . . . the things that we have been advocating have been delivered.”…….
In Canberra, a confident Resources Minister Martin Ferguson said: “We’ll see the expansion of Olympic Dam, ……….
Mr Kuchel sounded a note of caution, saying BHP was “very much relying on profits generated from other projects” to fund the Olympic Dam expansion. “The overall increase of the new minerals resources rent tax does mean there will be less money to go around for all the projects that BHP Billiton is considering,” he said. Done deal for Rann as Olympic Dam emerges unscathed | The Australian

July 3, 2010 - Posted by Christina Macpherson | AUSTRALIA - NATIONAL, politics, uranium | antinuclear, Australia, BHP, BHP Billiton, nuclear costs, uranium

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1.This month.

The Road to War brings a sharp focus to why it is not in Australia’s best interest to be dragged into a war with China which will almost inevitably go nuclear very quickly. The filmmaker has interviewed some of Australia’s senior foreign policy analysts who have vast experience behind them in analysing what really is going on here as the United States rattles its sabres with China. And sets us up to be its proxy, like the poor Ukranians have been fed into the Meatgrinder. So America can remain the Top Dog. The Road to War reveals how the United States through its spy base at Pine Gap and by stationing six nuclear capable B52 bombers in the Top End (without permission from the traditional owners) is making Australia a prime nuclear target if the current war of words suddenly melts down into full scale war.

The Road to War shows the implicit connection between Carbon emissions (the US military uses a whopping 70% of America’s annual petroleum to move its armies and vast War Machine around the globe to its 800+ military bases..but under a loophole wangled at Kyoto, the US military does not have to report its C02 annual emissions). The Road to War starts screening at selected cities and regional centres in March. See the trailer end for details.

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