Wednesday, April 6, 2011
why subsidise tin mining?
The Cairns Post has reported that local tin miner Consolidated Tin has secured a $150,000 Queensland Government grant for additional exploration at Mt Garnet. It's sort of great that a local project gets Guvmint support but in the middle of a mining boom and with the Qld budget under pressure why does it need support? Tin has doubled in the last year and more than trebled in the last 5 so why does this project need Guvmint support at all? I note other beneficiaries of this scheme include Xstrata one of the worlds largest mining groups. The principal beneficiaries will actually be the drilling contractors.