Just heard that sales of ore to Asian customers has been discounted up to 44% on LAST YEARS PRICE .  China is hanging out for a bigger discount

Once you sell off the shares to O/S sources and they get a seat or two on the board  then your screwed .

The same happened with coal  they took every once they could get at our asking price  then stockpiled it  under water as you can do with coal  and then at the next round of  negotiations on price they just hang out for a lower price , and got it .  The mining industry has reached apoint that it costs more to get it out than you get for it .


Maybe we should be selling on a needs basis to prevent stockpiling . 

The new energy that is currently available in large amounts for at least 300 years in Australia alone  is NG  but the Rudds of the world are hanging out for  Solar  or Thermal advances  which there is no gain for Australia  all of the technology we once controlled is now based O/S  and we buy it back  at a  unbelievable cost  increases.

If we look hard at the mining leases throughout OZ we will find that they are mostly O/S owned  and profits go directly out of the country .

As an Australian born and breed  I'm a little pissed off that we have let this happen.  What about you

I have to say Wombat that I am with you. I am also sick of sending all these thankless O/S countries all the money that we do each year. Handouts to everybody except the people in our own country that really need the money. I wonder how many of the countries that we are establishing will look after us when our money runs out. I have maintained for a long time that we are just giving everything away and that includes our oil. Look at the rorts going on there. Damn.................I would love a government that was strong and stood up to these foreign investors and thinking of the future rather than the quick grab now.

You have to wonder if we are just becoming tenants in what is supposed to be our country but seems to be owned by others.

I can remember when NO parties from overseas were allowed to own more than 49 percent of anything they bought an interest in. Cheers, xina.

Bring back Menzies

jeeeeez.         bring back joe ????    queensland is just going to the pack.     as is the rest of this country.

Australia has become the soft touch, charitable country. If anyone's in trouble we jump to their aid, without any consideration of the consequences of our actions on our own people. We give to such a degree there'll be nothing left, and we'll be paying the price out of our own pockets, instead of receiving the support we need here at home. Now they want to give our Iron Ore away to China control. Then we have to buy the products back at grat expense. What happened to our manufacturing and export industries? I know we've priced ourselves out of the international market. Surely there is a happy, econonomical, viable medium in there somewhere. I've watched current affairs since reading newspapers as a child of 8, and it's still interests me. Not the journalism, but the content of the story. I've only been on this earth for 59 years, 55 of those I can remember. Those of the older, more senior set will remember when Australia was more productive. Not just mining & resources, primary production and value adding. When we looked after ourselves first, and then the rest. I hereby leave you with this can of worms. Chris

It must be our isolation to the world that has made us a soft touch . We must have more do gooders per 1000 than anywhere in the world . Somewhere in the world a person stubs a toe and we are there with a band-aid and a pocket full of non-accountable compensation dollars . Travel the world outside the tourist traps and toughen up to what's out there, everyone has a scam going except us

Now they want to give Oz away to the Chinese. they say they're selling Rio Tinto to China. Privatising government departments and services. What can we do to stop all this? No elections due for years. Give us back our country and our industries, resources and enterprises. Someone must know how this all works without paying them a multi-million dollar package. It's more frustrating than a year without sex - and don't you blokes say anything.