LOC 2021 /??????

Anyone know anything...?

I just saw the Govt wants to know about planned major / sporting / etc events to liaise with organisers now... suggests they would let people in for those events.......
Bit worried after last year's fizzer, then nothing has happened due to COVID, makes it look pretty bleak for the future huh...

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mathew said..
WA has skirted with secession in times past - most recently... now. What people-in-power in WA suggesting that idea completely dont recognise... the Army from the east could easily just walk in and take it back, simply due to sheer numbers of human resourcing. [ There is also the argument - if the East can cross the desert, then they deserve to be here. ]

In any case, if "events" is a justification for opening the borders, that would be something positive for Australia to embrace.

I wouldn't worry too much about the people in WA that want secession. There are still a lot of people that think you can run a canal from the north to the south for free water.

I am sure the people in government are not as blind as to the need for lots of different things in an economy. Imagine what would happen to WA if demand for mining stopped.... tumbleweeds in the streets. Everything here seems to be built around mining and the industries that feed from mining.

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stehsegler said..

FormulaNova said..
I am sure the people in government are not as blind as to the need for lots of different things in an economy. Imagine what would happen to WA if demand for mining stopped.... tumbleweeds in the streets.

Iron ore will be in demand for at least another 50 years. Demand will fall over time but it will probably be replaced by other metals such as lithium. There is also agriculture, off-shore oil and gas etc. Never mind plenty of space to develop solar and wind farms.

The biggest asset WA hasn't tapped into yet is it's close proximity to South East Asia. Same time zone and short flight times make it easy to do business within the region. No matter what the political landscape I am guessing we will see a shift to a technology driven economy in the next 20 to 30 years.

Let's hope China does not cut off its nose to spite it's face when it comes to iron ore. It will have a dramatic effect on this economy and everyone assumes that 'they have no choice'. South America will start supplying more and more minerals, and then what does that do to our position? China only has to switch across to an alternate supply for a year to tell us how vulnerable we are.

Stockipiles of iron ore in China could bring us to a standstill.

I think its a bit sad that a lot of Australian companies prefer to have their head offices in Sydney or Melbourne. There seem to be few locating in Perth. Even some of the mining ones have a presence in Perth but larger offices elsewhere.

MMG are relocating to Beijing, so much for Australian mining.

Isn't MMG a mainly Chinese state owned company? Or at least another group which is Chinese owned is the major shareholder.

From what I understand the iron from both Australia and South American is of higher quality than anything else currently on offer from other regions. The advantage of Australia over Brazil being: close proximity to China, relatively stable supply chain, largely unaffected by weather. nevermind COVID-19. Given the amount of iron ore China buys from Australia I doubt they would stop it from one day to the next... it would literally tank their economy within weeks. Remember their wealth is build around growth. Primarily in infrastructure and housing. Ironically the collapse of Chinese housing market being probably a bigger threat to iron ore consumption then anything else.