Uranium Mining in WA (Western Australia)

There is a warning in those glowing potash concentric circles

Dig us up at your peril!

Nuclear bombs are the least of your worries if this stuff contaminates your environment. Checkout the effect this stuff has on newborn babies.

 

 

 


Posted by: Andrew
Company: Noble & Associates
Phone: 61894007400
Posted On: 1/1/0001
Contact via email: andrew@nobleaccounting.com.au
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Categories: Energy
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40% Rent Tax for Western Australia on Minerals Trade

Comrade Rudd has once again determined that the central government is more effective at reallocating wealth than the marketplace and is looking at taxing super profits from the mining industry. Super profits are defined as profits above the long term bond yield.

Unfortunately what Rudd never counted on was the fact that small miners are always a few dollars away from not being able to fund their mining ventures. A rent tax is a death knell to many potential projects simply because the tax raises the cost of capital.

Additionally, many of the shares of the mining companies are ultimately owned by every day Australian via their Superannuation portfolios.


Posted by: Andrew
Company: Noble & Associates
Phone: 61894007400
Posted On: 1/1/0001
Contact via email: andrew@nobleaccounting.com.au
Tags: , , ,
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Kimberley tides + HVDC - key to a new energy future

Tides in the Kimberley (Far north of Western Australia) are some of the most powerful in the world but the area is extremely remote and over 2000km's from Perth. New HVDC (High Voltage Direct Current ) power lines are the answer to transporting power from this remote region back to Perth or the Pilbara where much of the Western Australian mining industry conducts its' activity.

Under federal law, Western Australia must generate 20% of its' energy from renewable sources by 2020. Murdoch University enegy professor, Adam McHugh is convinced that tidal power generated by turbines that spin as the tide surges in & out could be the 'magic bullet' for WA's energy needs.

Future demand for enegy is expected to top 7000MW compared to current demand that sits at about 5000MW per annum.

As HVDC transmission is now competitive with traditional AC powerlines but with the potential to reduce power loss over long distances from 50% to less than 10%, Western Australia has a very bright future.


Posted by: Andrew
Company: Noble & Associates
Phone: 61894007400
Posted On: 1/1/0001
Contact via email: andrew@nobleaccounting.com.au
Tags: , , , , , , , , , , , ,
Categories: Energy
Post Information: Permalink | Comments (0) | Post RSSRSS comment feed