exempt steel from carbon tax, page-3

To Build or Not To Build?

About the Co2 tax, IMO will be exempted for Steel and other exporting industries. Or it will go out the window altogether. This is about politics so I won't talk about it further.

High $AUS against $US and other currencies? Will it sustain for a year, two years, or maybe 5 years? Who Knows. Surely it's important, but are MCC into forex trading? Can the temporary rise in cost (exchange rate or labour etc) be offset from cost advantages? I can't answer these questions but I am sure there are many more questions which can only be answered between MCC and BGD.

What I do know is that MCC wouldn't take a look at it, unless there are things that are obviously to their advantage.

But as to the balance of the CR not completed to date. I thought BGD tried too hard to link the meeting in Wuhan with $3.5 M. One of their chance now for a successful big $ CR will be to provide something soild - like the EIS and Community Consultation. They might even open the offer to small fry investors like me a chance to participate rather than sophisticated Europeans, I don't mind their cars, but who knows.

Just to extend my Sunday Rant before I go prepare the BBQ in my backyard. I hope this will give you some food for though: China's housing bubble. They just kept building those bloody high rise apartments and shopping malls that no one can afford to live in. Yet they kept building and building for the sake of keeping people employed etc,

Situation sounds familiar with their steel industry? Too many steel mills, big and small provincial mills; some are modern but many are not. Building mills and sell it domestically where over-supply is a huge issue.

IMO, If they really wanted to invest overseas, to avoid the bubble and expand their market in the Pacific/SE Asia region then it's definitely a top choice to build it in Gladstone. Good port and rail system, good location, gee the Government even reclaim the land at Fishermans Landing for them.