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

Gordon Campbell: On The Tokenism Of New Zealand's Role Against Islamic State

To date, the Opposition has continued to occupy itself with the marginalia of the issue. E.g. whether Key did or didn’t know whether Barack Obama would be present at the US briefing last week on IS, or whether New Zealand’s military involvement is or isn’t already a fait accompli.

It might be better to tackle the issue, head on. Our contribution against IS will be to send SAS forces to train the Iraqis? That’s like offering trainers to General Custer just as the 7th cavalry reached the Little Big Horn.
More>>

 

Parliament Today:

Scoop Business: Shell And Todd Caught Drilling Without Approval

Multi-national oil company Shell’s New Zealand arm and local energy giant Todd Energy have breached the new law governing New Zealand’s Exclusive Economic Zone, the Environmental Protection Authority says in an Oct. 10 document released by the Green Party. More>>

ALSO:

Labour: Tea Breaks 'Gone By Lunch Time'

“How cynical that on the eve of Labour weekend, the National government is pushing through legislation that takes away the statutory right to tea and meal breaks along with collective bargaining protections, and makes vulnerable workers jobs even less secure." More>>

ALSO:

Gordon Campbell: On Pharmac, Gough Whitlam And Sleater-Kinney

We’re not at the outset of these negotiations. The outset was six years ago, and negotiators were hoping to have some sort of ‘framework’ deal finished in time for the APEC meeting in a few weeks’ time. These ‘extreme’ positions are what we’ve reached near the intended end of the negotiations… More>>

ALSO:

PM Of Many Hats: Questions, No Answers On Whale Oil

Dr RUSSEL NORMAN (Co-Leader – Green) to the Prime Minister: How many times since November 2008 has he spoken with blogger Cameron Slater on the phone and how many times, if any, has he texted him?
Rt Hon JOHN KEY (Prime Minister): None in my capacity as Prime Minister. More>>

ALSO:

Aussie Investigation Dropped: Call On Minister McCully To Pursue The Case Of Balibo Five

West Papua Action is deeply concerned at the lack of any clear outcome from the Australian Federal Police inquiry into the 1975 deaths of the ‘Balibo Five’ including NZ journalist Gary Cunningham. More>>

ALSO:

'Feed The Kids' Bill: Metiria Turei To Lead Fight On Feeding Hungry Children

Green Party Co-leader Metiria Turei is urging all political parties to support the Feed the Kids Bill which she inherited today from Mana leader Hone Harawira. More>>

ALSO:

Parliament Today: State Opening Of Parliament

The House sat at 10.30am on Tuesday before MPs were summoned to hear the Speech from the Throne in the Legislative Council Chamber. More>>

ALSO:

Tertiary Education: Students Doing It Tough As Fees Rise Again

The Government is making it increasingly difficult for Kiwis to gain tertiary education as fees continue to rise and access to student support becomes even more restricted, Labour’s Tertiary Education spokesperson Chris Hipkins says. More>>

ALSO:

Housing, Iraq: PM Press Conference – 20 October 2014

Prime Minister John Key met with press today to discuss:
• Housing prices and redevelopment in Auckland
• Discussions with Tony Abbott on the governmental response to ISIS, and New Zealand’s election to the UN Security Council More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Regional
Search Scoop  
 
 
Powered by Vodafone
NZ independent news