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

Land, Air & Sea: Regions To Benefit From NZ Upgrade


Regional New Zealand will be a hive of activity in the coming months as the New Zealand Upgrade Programme delivers on its promise to modernise our infrastructure, prepare for climate change and help grow our economy. As part of the $12 billion NZ Upgrade Programme announced by the Government last month, $300 million was allocated for capital projects in regional New Zealand.
The first package of regional projects – worth about $190 million – has been announced by Regional Economic Development Minister Shane Jones at an infrastructure seminar today... More>>


 

Gordon Campbell: On The Donations Scandals

By now, it seems crystal clear that something is deeply amiss with the way that New Zealand political parties solicit, receive and report their funding. Evidently, the nominal threshold of $15,000 that requires public disclosure of the donation ... More>>

ALSO:

New Zealand Government: Action On Fuel Market Competition

The Government has released a comprehensive response to ensuring New Zealanders get a fairer deal at the petrol pump. This follows the Commerce Commission fuel market ... More>>

ALSO:



Child Poverty: 18,400 Children Lifted Out Of Poverty

Prime Minister Jacinda Ardern has welcomed new reporting showing the Coalition Government is on track to meet its child poverty targets, with 18,400 children lifted out of poverty as a result of the Families Package... More>>

ALSO:

Gordon Campbell: On Our Unreal Optimism About Coronavirus

At this week’s Chinese New Year celebrations, PM Jacinda Ardern was resolutely upbeat that business with China would soon bounce back to normal – better than ever, even - once the coronavirus epidemic has been brought under control. To Ardern, ... More>>

ALSO:


 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 


 

InfoPages News Channels