A prospecting application by the Aboriginal Land Council (NSWALC) is on public submission with the intention to frack ‘n mine most of NSW.
This can be viewed in a variety of ways. Here are just two:
The push behind applying for five prospecting mining rights across NSW is to end Aboriginal poverty, NSWALC CEO Geoff Scott said in a release on November 6. ‘We owe it to ourselves, and to future generations of Aboriginal people... We can sit on the sidelines or we can take an active role to become part of the real Australian economy.’
He’s correct to say the real economy is mining. According to an article on www.asx.com.au, Top 10 ways to profit from mining boom, ‘Almost 90 per cent of last year’s 96 initial public offerings (IPOs) were resource-related companies and the top performers gave shareholders well over 500 per cent returns.’ Author Toni Case (TheBull.com.au) continues, ‘In fact, the entire materials sector has been a standout performer, with an annualised return of 10.99 per cent to 31 March 2011.’
And the future looks to be still powered by coal or gas, with the claim that ‘The Federal Treasury believes the mining boom could have another 15 years to go; demand from China and India shows no sign of slowing.’
Thankfully, this is a free country. Mr Scott is entitled to pursue whatever means neccessary to ensure the future prosperity for the future generations of Aboriginal people.
You have to wonder who will benefit from the Aboriginal Land Council (NSWALC)’s plans to mine ‘n’ frack the state of NSW, because it will not be the wider Aboriginal community. Locally, the traditional Aboriginal custodians of this region, the Arakwal people of Byron Bay, have said they do not want CSG or mining in this region and have distanced themselves from the NSWALC.
What isn’t addressed in NSWALC CEO Geoff Scott’s PR is that his organisation is already self-funding, was set up by the government, and earns income from its investments. This is not about poverty, it’s about greed. The real benefactors of this will of course be the overseas mining corporations who are nervously watching the public-awareness campaign on CSG grow. Public submissions on this prospecting application end on December 5, so get in fast. Visit www.resources.nsw.gov.au for more.