Head of Supervisory Board
Director Industriellenvereinigung Steiermark
Vice President Wirtschaftskammer Austria
Mining the taxpayer for rebatesI could argue the value of the Tarkine as a living ark for the more than 60 rare, threatened and endangered species that call the Tarkine home.
But instead, I want to talk business.
Mining in Tasmania has been boom and bust. We have just witnessed a boom with iron ore prices skyrocketing to $US180/tonne, and tin reaching $US35,000/tonne.
Prospective miners came clamouring out of the woodwork to cash in on these artificially high prices.
We were so taken in on the promise of the rush that we ignored the advice of the economists and market analysts who warned of the impending collapse.
We were so taken cheap jerseys in on the promise of the rush that we ignored the advice of the economists and market analysts who warned of the impending collapse.
Of all the proposed new mines in the Tarkine, not one projected a mine life beyond 10 years.
Shree Mineral Nelson Bay River mine operated for just seven months.
During that time it shipped 130,899 tonnes of ore, paid no tax, no royalties, and recorded a $3.27 million loss (Shree Minerals annual reports 2009 2014 and half year financial report December, 2014)
It closed with iron ore prices at around $US87/tonne.
Shree low grade ore makes it a discounter, and so it needs a spot price of about $US120/tonne to be profitable. Today iron ore is trading at $US59/tonne.
Venture Minerals had three proposals. It first two were iron ore projects at Riley Creek and Livingstone, and were wholesale nhl jerseys predicted to last just two years each. Venture raced to get them out of the blocks against an already falling iron ore price. Both these proposals are now mothballed, for all the same reasons as Shree Venture also needs an iron ore price of $US100 120/tonne.
Treasury believes that the iron ore price will drop further to $US35/tonne.
Analysts say that over the decade prices could stabilise in the $US80 90/tonne range too low for Shree or Venture.
Some analysts have gone as far as to predict iron ore prices will never climb back above the $US100/tonne range.
Venture, however, has a third, much larger, proposed project in Mt Lindsay.
The company promotes this mine as a tin and tungsten project, but the capital raising and environmental referral documents reveal that Mt Lindsay is a tin, tungsten, copper and iron ore mine.
While tin and tungsten are more valuable than iron, and hence the focus in the promotion of this project, the company 2011 EPBC referral shows that 95 per cent of the 229,000 tonnes of ore leaving wholesale jerseys china the mine each year is iron ore.
Effectively, Venture has to take a loss on the iron ore to get to the tin and tungsten.
Now that would be OK if the tin and tungsten prices had stayed where they were in the 2012 Bankable Feasibility Study (which the company is still quoting in investor presentations).
Since 2012, tin has fallen 34 per cent, tungsten has fallen 38 per cent, and copper has fallen 21 per cent.
Assuming the accuracy of Venture own initial figures, recalibrating revenues to current ore prices shifts Mt Lindsay expected $554 million life of mine profit to a $50 million loss.
It hard to see Venture raising the $198 million investment required.
I suggest it only a matter of time before the company is forced to admit mothballing this proposal as well.
But you don have to take my word for it.
Shree Minerals share prices have fallen 88 per cent since 2011, and Venture Minerals shares have dropped 96 per cent. The market is brutally honest.
In the past three years Tasmania has lost 3000 mining jobs more than half the industry as the resources boom has collapsed. And not one of those job losses is due to conservation.
In the past three years Tasmania has lost 3000 mining jobs more than half the industry as cheap jerseys china the resources boom has collapsed. And not one of those job losses is due to conservation.Articles Connexes：
authentic cody zeller jersey However, the findings are not all good news: the study also found that in contrast to the middle aged, heart attack rates have changed relatively little in both young people and the very oldWhat about casual offices?Agins: If your workplace is casual, you can still stand out It would only make a difference if they voted against it at the budget committee, that’s the only honest thing to doHow We’re Wrecking Our Feet With Every Step We TakeI too have learned one thing that if you interested in learning about barefoot walking, or the “barefoot lifestyle,” as it sometimes called, there are lots of people out there who are interested in teaching you0 In women, the corresponding rate reductions were 4 Luminescent handsEnglish language scores of 7
Complete coverage (and perhaps video) will begin on 13News Today at 5am Que de chemin parcouru depuis!Dans Papa a raison, qui dmarre le 18 fvrier 20h et dont la narration est assure par Raymond Cloutier, on constate rapidement que le mle qubcois a toujours prouv de la difficult avec son identit This doesn only mean that they have the skills and knowledge required for the various construction tradesOlivia Curtis scattered four singles and struck out 13 for Hubbard (24 6 1), which will face Sam Rayburn in the region final later this weekThe app also integrates with Dropbox and SkyDrive, which makes syncing documents between your computer and your phone a breeze He was a member of the examining board for the State of Utah for the licensing of marriage and family counselors from 1973 82, serving as Chair 1976 78, and again in 1980 82 She woke up the children and was able to get them out of the house In 1972, after a sabbatical to New Zealand, the Allred’s added two more children to their family, Greg and Jennifer authentic alonzo mourning jersey
marvin williams jersey Of course, if he had been truly sorry for what he did he would have pled guilty and accepted what he had coming Regardless, the Hawks would become the first defending Super Bowl champ to return to the postseason since 2005Coming out of high school in Reno, Nev Focus on knowledge and skills that enable you to effectively develop and link personal competencies to organizations I watched it for a moment, but lost its trajectory in the wind shaking the remaining leaves off the trees in the deep dark heart of Killearn Estates2 trillionRapidement, les femmes d’ici ont t inities au multitche: elles graient le budget de la maisonne, rationnaient les denres chres, accomplissaient toutes les tches domestiques et recyclaient mme leur graisse de cuisson, qui servait fabriquer de la nitroglycrine Please join our mail lists for discounts, coupons, and special private sales
Service was suspended at the time because of the investigation, but the gates were down, red lights were flashing, and drivers didn’t seem to careThat is not an assumption based on St Pat’s all conquering senior football team, which tonight strives for a record fifth consecutive Herald Sun Shield He’s not the strongest guy, but he just found a way to be productive and I think that his strength lies in competitiveness We need a prosperous economy to have sufficient resources to further adapt and expand energy productionIn Davidson County, there are just over 40 parcels left of at least 200 acres a mid sized threshold for a major corporate campus or manufacturing siteThe New Jersey high school football program that had its season canceled amid hazing and sexual assault allegations will return next season with a new coach I was only curious, just wondering what he’d been up to He’s a shooter and a scorer, and a team always can use a shooter and a scorer michael kiddgilchrist jersey
cody zeller jersey Before starting, both groups predicted how much they would enjoy the exerciseAn online rail timetable is available to help you to plan your journey Police Chief Robert White has said officers repeatedly told her and four other teens to get out of the car before two officers opened fire Ironically, he introduces himself as Zafar, Omar ZafarThis HTC mobile phone boasts of 4Bruce threw on Sone Aluko and Pablo Hernandez in search of the winner deadline day signing N’Doye finally struck, heading in a Robbie Brady ball after Green had denied him moments earlier It also sports an 8 megapixel camera that comes with an F2 Other things such as black levels, viewing angles, outdoor visibility are also excellent
authentic michael kiddgilchrist jersey If this were the case, then evidence of hominid tool use would extend much further back into the hominid lineage After I handed it in, I realized it going to be an odd twist if those two actually win in the month they did this Cheap and smallCarson Palmer, who played quarterback for Jackson in Oakland, called him a “great coach” last fall and said his teammates loved playing for him All transactions are digitally encrypted using the latest technologies4 million vehiclesFive foot (1 There is a taxi rank just outside the station
One grouping of photos posted on the web, purported to be from Nick Hogan’s personal online photo gallery, reportedly includes random photos of him at home with Hulk Hogan, nude photos of women, a nude Nick Hogan photo, two photos of his mother, Linda, showing off a thong, and others And at RPS, we have absolutely no idea who will be advertising on our site0 and NFCTheir photos were published in The Record on Wednesday and made it appear longer than what Booth measured it at Improved designs and performance and an absence of next new models from Samsung and Apple in the quarter will provide HTC some room to make up its lost market share, analysts said South Carolina (6 6)Last bowl appearance: Louisville 36, Miami 9 (2013 Russell Athletic); South Carolina 34, Wisconsin 24 (2013 Capital One) We didn’t take care of the ball well at all, and (Humboldt’s) full court press wore us down,” head coach Scott Messerly said Also, Nike gives a cumulative bonus to the school based on postseason appearances by football, men’s and women’s basketball, men’s and women’s soccer and men’s lacrosse gerald henderson hornets jersey
authentic gerald henderson jersey Hugh’s deep love for his wife, family and patients was surpassed only by his abiding love for Jesus ChristBut no issue is bigger than the size of the phone itself, which is simply enormous”She helps me out and keeps me moving,” he saidHublot Big Bang Tantalum Mens Watch 301Fixed bezel with 48 baguette diamonds bezel The halting of the latest study three years early will dash some of these hopes as researchers claim the breast cancer risk finding ‘is too high a price to pay’ So did all of that make any sense? What do you think of how our defensive line would look? Do they have the right personel to run a 3 4, at least as far as the defensive line is concerned?How Will Lawmakers Spend TheWCCO TVWCCO TV is part of CBS Television Stations, a division of CBS Corp as Angel Pagan put it: how we roll But if you believe this is nothing more than a opinionated seo elite application evaluation, I can guarantee you that it is not
FH-Prof. Mag. Dr. Doris Kiendl, LL.M.
Dick Butkus Bears Jersey One quarterback will hold the medicine ball and spin to his right while the other quarterback will spin to his left to take the hand off Oxford chef John Currence and two others have planned what’s being called “The Big Gay Mississippi Welcome Table Dinner Bring it in to Custom Cleaners today!!Help your child learn independence, responsibility, the nature of respecting one another enroll at the Montessori School of the Finger Lakes today! 315 252 2225We are the best Dry Cleaners in Auburn to an indictment, the suspects were to fulfill a contract and agreement to murder another human being Demetrius Cunningham when they killed Evans
Willie Young Jersey What he do as a rookie: Hyde may have to wait his turn a bit and may not get a ton of carries right away, but he seems to fit the 49ers’ style and could take over as the full time guy when Gore’s time is up Mais le day to day il faut que quel quelqu prenne le jour jour explique M Health officials are examining the site today to find out how the pipeline rupturedHe’s covered every Clemson/Carolina football game since 1987 for either TV, radio, or both, and has produced many specials for Channel 7
Jay Cutler Jersey (1) The dose was titrated on days 4 through 9 to reach a steady state INR of 1If you heard or saw anything around the time of the crime, please contact the Toombs County Sheriff Office immediately I love chicken wings, and TTR make the best! I recommend TTR not just for their awesome and delicious wings, their service is fantastic! With my busy life, I call and place an order for pick up, and my order is always ready when I get there The order is always correct Jeremy Gallon, WR, MichiganNew England Patriots (7th round, 244th overall)The Patriots went to the Wolverine well in the late rounds again, drafting a player Tom Brady can mold into a Julian Edelman like possession receiver
Authentic Willie Young Jersey Some analysts projected that the quarterback would bepicked in the second round, or even sneak into the first The team gets together to eat together and share the experience” Opposite this door, a guy is driving golf balls into a net about 10 feet in front of him Summer Special rate is good for new subscribers who have not been a Press subscriber for at least 30 days
developing plans to enhance and expand our exhibition and plant collection programs.” He said Tschudy “brings a wealth of essential talents and leadership qualities to our efforts (into the future).” “I hope to contribute to our mission by maintaining and creating new inspirational landscapes that conserve resources, create habitat, and red bottom pumps reflect the unique beauty of our region,” said Tschudy. With Gov. Jerry Brown’s recent declaration of a drought crisis in California, The Garden is poised to serve an fake michael kors increasing cheap michael kors number of visitors red bottom heels in 2014 and beyond, a press release from The Garden noted. “Tschudy’s expertise with San Diego’s unique climate and the water saving plants and landscapes that thrive here will play a key role in allowing The Garden to continue its mission of educating and inspiring southern Californian’s to save water in the landscape,” the release cheap michael kors read. Tschudy said over the next vibram five fingers sale year, The Garden will be working on a long range master plan that will help it continue