September 10th, 2012 by Warwick Hughes
Just saw this news item – “A long wait for new Tanami tenements” – in fact a six year wait.
Of course the legal and quasi-legal “leasing” costs would have been mounting all of that time. Crazy way to run a country, to handicap investors who want to spend their hard earned on mostly low impact activities to add to the National store of knowledge about our mineral resources. Minerals which if mined will help keep this country in a manner it has become used to. In this case the company Northern Minerals NTU has a market capitalization of $64Mn so can stand the cost of a wait like this. Many exploration companies are a tenth the size or less.
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September 10th, 2012 by Warwick Hughes
I noticed Andrew Bolt picked up this story from July – and the questioning article from the Australian Farm Institute. My curiosity was raised by another ABC article from ABC Rural in the NT – “Henbury carbon credits clear for take-off”. Where against the tone of the headline – the article states – “… The rangelands methodology that the Henbury Conservation Project depends upon has been submitted but is yet to be finalised, so Mrs Pearse says the first sale to Qantas is still months off. “We have to wait for the domestic offset integrity committee to have a good look at that methodology and then that will go out to public consultation for three months. “So we’re not expecting an approved methodology any time soon, it’s still a long path.”
This all sounds as though what QANTAS announced as a done deal – is still a work in progress.
And of course at the end of 2010 QANTAS announced “…New Carbon Offset Provider”, a private Euroland company Climate Friendly owned by South Pole Carbon – so what has happened that CF and SPC can not supply what QANTAS requires.
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