RIV 0.00% $16.20 riversdale mining limited

cost of compliance is one thing...the great unknown of Govt...

  1. 5,609 Posts.
    cost of compliance is one thing...the great unknown of Govt taxes, carbon issues, Native title, red tape etc is another. Clearly these issues are looming ever larger in Australia with this govt and reducing in other countries. Can mining companies afford to gamble on multi billion dollar projects when one can't get close to working out the hidden costs?
    I seem to remember an iron ore company took nearly 5 years to get approval. This sort of mess will simply drive investments off shore. This will effectively be a transfer of wealth over the longer term to emerging countries unless they provide some certainty. The larger mining companies are basically saying that there is less risk in off shore countries when you weigh it up against the uncertainties here. RIV already has partners, the coal and cash to exploit this risk over time imo. Imagine just how long this project would take to get up and running in QLD..dyor.
 
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