I have just read “Boom is not yours, PM tells miners” – as if the industry is not aware that State Govts own the mineral rights and issue leases/licences under various terms to competent companies/organizations to explore for said minerals.
Then if payable minerals are discovered – mining leases are negotiated to develop same and royalty payments are made back to the State. That is the basic system the great majority of nations use to develop their mineral resources.
There are examples of where Governments form State owned mining companies – the old USSR of course comes to mind – China – and I think in Chile Codelco is State owned – PNG owns OK Tedi Mining – and South Africa has recently launched a state-owned mining company – Namibia has made moves in that direction too.
I am sure readers might suggest other examples. I have no issue with States who invest in minerals alongside the private sector.
I would say to the PM and her Govt – why not form Aussie GreenLabor Mining Ltd if you think there is so much easy money to be made – pay off some of the huge debts you are building up on the Aussie Bankcard.
Another quicker way to get mining would be to buy some beaten down mineral exploration companies on the ASX – some are selling for only the value of their cash – then you get a structure, staff, ongoing projects basically for nix.
See how easy it is to find another Broken Hill, Mount Isa, Kalgoorlie, Cadia, Hammersley Iron or the next great coal-field.
Remember your own Labor history from the Whitlam years – recall the example of Rex Connor who trod a nationalist path with mineral resources – learn from the disaster that overtook him.