Local Govt | National News Video | Parliament Headlines | Politics Headlines | Search

 


The Destructive Effects of Mining Boom-and-Bust Cycles


Media Release

12-11-2012

The Destructive Effects of Mining Boom-and-Bust Cycles on Communities

What the Coromandel Can Learn from the West Coast Experience

The issues raised last week by the Buller District Council,at the Parliamentary Select committee hearing considering amendment of the Crown Minerals Act,offer a cautionary tale for the Coromandel. Thames Coromandel District Councilplanners and community members should take note of the serious risks of dependingon a boom-and-bust industrylike mining.

“The West Coast rollercoasterride of unstable economic conditions is a warning to the Coromandel that mining is economically unsustainable. The international prices for gold and other minerals will keep fluctuatingand mining companies will constantly shift their plans based on these variations,” says Coromandel Watchdog Coordinator Renee Annan. “Communities with stable populations are far more sustainable than a boom and bust workforce renting houses and disappearing from the rating base once the boom is over.”

“What we heard from the chief executive of the Buller District Council is that in the ‘boom’ part of the industry cycle,rentals are scarce and community infrastructure stressed.What pitiful royalties are collected go to the Government, not the local community,” Ms Annan said.

“The additional irony of a boom in gold with a company like Newmont Waihi Gold is that the profits all flow offshore. It’s the local community that must finance the short-term costs of a stressed infrastructure. Of course, we also know the local community is left with the long term costs such as tailings dam monitoring. When a mine closes, communities lose jobs and are left with the holes in the ground and toxic waste.”

The Thames Coromandel District Council has taken innovative steps toward a different economic vision–one that attracts families and businesses to settle in the area while preserving the peninsula’s unique environment for future generations. New initiatives include: the opening of the Hauraki Rail Trail, the expansion of mussel farming, and the development of a business case for the Coromandel Great Walk.

“TCDC is heading in a positive direction that will help peninsula communities thrive. What has happened on the West Coast, and in Waihi, confirms the toll a boom-and-bust industry can take on a community.”

Coromandel Watchdog of Hauraki

Protecting the Coromandel Peninsula from Mining

www.watchdog.org.nz

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Half Empty: Dairy Prices Drop To Lowest Since August 2009

Dairy product prices fell to the lowest level in more than five years in the latest GlobalDairyTrade auction, led by declines in butter milk powder and whole milk powder.

”Stocks of dairy commodities are building across the globe due to Russia’s current ban on importing dairy products from many Western nations, and a lack of urgency from Chinese buyers, while at the same time global milk supplies are expanding,” AgriHQ dairy analyst Susan Kilsby said in a note. More>>

 

Slippage: NZ Universities Still In Top 3% Globally

This year the University of Auckland ranked 175 (down from 164 last year); the University of Otago ranked 251-275th (down from 226-250), both Victoria University of Wellington and the University of Canterbury held their ranks (at 276-300thand 301-350 respectively), while the University of Waikato dropped from 301-350 to 351-400. More>>

ALSO:

Gordon Campbell:
On The Last Rites For The TPP

The Trans Pacific Partnership trade deal is one of those litmus issues that has always had more to do with one’s place on the political spectrum than with any imminent reality... For the TPP’s friends and foes alike though, the end now seems nigh. More>>

Gordon Campbell: On The Farcical Elevation Of David Seymour

With the election won, it’s time to find jobs for the boy. David Seymour is the Act Party’s latest scrounger to be rewarded by the National Party, and not only with a seat in Parliament. More>>

ALSO:

As Key Mulls Joining ISIS Fighting: McCully Speech To UN Backs Security Council Bid

It is an honour to address you today on behalf of the Prime Minister and Government of New Zealand. Our General Election took place last week - our Prime Minister Rt Hon John Key is engaged in forming a government and that is why he is unable to be here in New York... More>>

ALSO:

Labour: Cunliffe Triggers Party Wide Leadership Contest

David Cunliffe has resigned as Labour Leader, but says he will seek re-election... If there is any contest the election will have to go through a process involving the party membership and union affiliates. More>>

ALSO:

Flyover Appeal: Progress And Certainty, Or Confusion And More Delays?

Lindsay Shelton: The Transport Agency, embarrassed by the rejection of its flyover alongside the Basin Reserve, says it’s appealing because the decision could “constrain progress.” Yet for most clear-sighted Wellingtonians a 300-metre-long concrete structure above Kent and Cambridge Terraces would in no way be seen as progress… More>>

ALSO:

Gordon Campbell: On Cunliffe’s Last Stand

Right now, embattled Labour leader David Cunliffe has three options. None of them are particularly attractive for him personally, or for the Labour Party... More>>

ALSO:

Key Seeking 'New Ideas': Look To Children’s Commissioner On Poverty - Greens

John Key should not reinvent the wheel when it comes to ideas for tackling child poverty, and instead look to the recommendations of the Children’s Commissioner’s Expert Group on Child Poverty, Green Party co-leader Metiria Turei says. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Regional
Search Scoop  
 
 
Powered by Vodafone
NZ independent news