I worked for a New Zealand company that was world leader in our field, we got bought out by an overseas company (along with another world leading NZ company). This gave them our technology that gave us the edge on our competitors & the nearly all our profits, both gone to an overseas company. Four years later citing lost income Covid & operational costs we were both shutdown at the beginning of this year. 165+ jobs lost, our technology lost, the machines we made in New Zealand now made in China & Slovakia with the money earnt for NZ & Kiwi workers lost forever. This IS what will happen with mining as well, the profits will go overseas & we will foot the clean up bill when they deem it unprofitable & they leave.
@aklmini-makers43043 ай бұрын
exactly - especially the Land Rehabilitation costs will likely be externalized for NZ taxpayers to pay clean-up costs. NZ govt should own majority share/control in mineral extraction and ensure fund is managed for eventual Land Rehabilitation. "NZ has high environmental standards" - note that it was Nick Smith who attempted to lower NZ water pollution standards esp for e.coli levels in rivers. Mining wastewater requires costly treatment (if at all possible) before releasing back into rivers. Can you trust this guy?
@TheFalconerNZ3 ай бұрын
@@aklmini-makers4304 Shane Jones no way. He has no idea about the environment, saying if we need to move native life to mine we will but if that endangered native life could live elsewhere it would be there already. Also saying that if some native wildlife must die so be it show he has no interest in our indigenous wildlife. Finally "Mining today is more concerned about the environment" is BS, they only care about their reputations & the damages they have to pay when they make mistakes. The damages doesn't cover the cost to the environment & our 'Clean Green' reputation. Overseas investors only care about profit & to achieve that they run by meeting minimum expense by complying to the minimum regulations which this government is all about weakening & using the cheapest equipment.
@The-Chrystalmachine3 ай бұрын
Exactly, I heard Shane jones claiming he had assurances from the mining companies. I would want these assurances under contract along with an appropriate bond. If Shane is just happy to accept verbal assurances I have 2 historic ones for him. 1. The cheque is in the mail 2. I will respect you in the morning.
@TheFalconerNZ3 ай бұрын
kzbin.info/www/bejne/j5O1iZ6jd66IsM0 Why would our small government do any better than the Australian government
@BRUCE_the_MOOSE_3 ай бұрын
These politicians pander to overseas interests to look good in the short term, while in the medium term they are feathering their own nest with expectations of a plum position in the future for themselves for their "corporation." Long term, the people cop the costs. Key is a prime example.
@BamBam-uf4yi3 ай бұрын
Its like all resources in this country sell them overseas for a profit then buy them back at a higher price its already happening with oil nothing will change and he knows it.
@jackielone10353 ай бұрын
@@BamBam-uf4yi Aussie is the same. They lost $400 billion tax revenue to big oil and on top of that have to buy back their own gas with a high price. Global central market economy is not capitalism, it is theft and slavery of nations and the people. Right vs left con game just enable that theft and market it as "economic growth".
@sandralibeau47953 ай бұрын
Ask National to release the West Coast report about the mine and Whittal? My brother was ine independent Health and Safety expert who reviewed the death of the 29. The Government AND the Australian company were culpable, yet there was no corporate manslaughter charges, and the widows got 5 years of ACC which is a slap in face for their losses. Until we demand 50% of the royalties from all mining ( as Norway does) for New Zealanders, we're being robbed! And the gold mines leave arsenic and mercury liquid waste don't we? How do we get rid of that?
@williamearnshaw4103 ай бұрын
@@sandralibeau4795 gold mining in NZ is alluvial mining.. And NOT extracted using arsenic or mercury... Learn about West Coast mining techniques BEFORE spouting lies...
@williamearnshaw4103 ай бұрын
@@sandralibeau4795 The Pike River disaster, in which my friend lost two sons... Was not all the fault of the company. The Greens lobbied to insist on the dangerous tunnel king excavation of the mine... Instead of just removing the ridge in an open cast mine... A much preferred safer operation...
@sandralibeau47953 ай бұрын
@@williamearnshaw410 I was thinking about McRaes. But if you want to be reported keep being abusive.
@sandralibeau47953 ай бұрын
@@williamearnshaw410 That mine had previously been closed but Whittal's company asked to begin it again. The government should never have allowed it.
@eugenio15422 ай бұрын
75 royalties with 10 set aside for environment protect and rehab 😢
@Dwb.x3 ай бұрын
New Zealand should mine and retain profits not off shore companies. We really are that stupid. We give away our water. We let foreign companies take the majority of profits from what minimal mining operations we do have. All the while the country yells and screams for more money for beneficiaries, nurses, police etc.. but we won’t pull the trigger like Australia on the goose that could lay golden eggs. Our only answer to anything is ‘tax the rich’
@AS-no5cs2 ай бұрын
That’s not possible cause Shame Jones has to pay his donors.
@killerangel4613Ай бұрын
It all comes down to greedy politicians like Shane taking back handers and robbing the majority of New Zealanders past and present by selling off our successful state enterprises to foreign countries. They have then taken all the profits out of NZ and raised the prices on kiwis to where instead of having affordable electricity, housing and food most kiwis now can’t afford rent let alone their own house. As well, we now have skyrocketing unemployment.
@LauraTeAhoWhite3 ай бұрын
Mining for 2% royalties. How much of the profit is going overseas Shane?
@scipioafricanus43283 ай бұрын
Add to the royalties the tax, highly paid jobs, support services and investment. New mines would be a massive boost to NZ’s prosperity.
@yaboystyles37903 ай бұрын
How many jobs does it create tho? Id rather mine here make 100+k instead of having to go to aus
@MountainTui3 ай бұрын
This was pointed out by one of the smartest guys I know (Rob) the other day. The rest of the media is really asleep at the wheel. At least Jack Tame is here.
@tradetech78893 ай бұрын
You can become a shareholder and keep the royalties here at home! I will be
@bobdillon11383 ай бұрын
@@scipioafricanus4328 Yeah right the govt will be paying the mining company's to come down here.
@777nydia13 ай бұрын
All Shane was saying was that we are so broke we need to generate wealth any way we can despite eco risks. My objection to this short term thinking is that money comes and goes but our environment is our future. It must not be sacrificed. Certainly not to make Aussie companies richer. He's thinking small, as usual.
@debtpeon3 ай бұрын
We're broke because of the Labour & Green ideological deindustrialisation.
@TheMileswin3 ай бұрын
Hey tell that to anyone has lost their job in recent times. Ah you don't have a job but it is good for the environment. Get a grip, New Zealand needs to be productive and not import coal & Oil & gas.
@Hajduk-Kralj3 ай бұрын
I think he’s right but not doing it right. NZ should get a good deal out of this.
@jackielone10353 ай бұрын
@@debtpeon left vs right politics in a con game. Both end up making Blackrock, etc richer owning shares in big oil scam, green energy scam, big pharma, war industry and banks while making sure governments keep people poor and dependant with taxes and scams like taking their natural resources for free.
@jonathanbennett15423 ай бұрын
I applaud Shane for trying to get this country moving in the right direction, it makes no sense to import Indonesian coal while we have the best coal next to the power station, we need taxes to build infrastructure and pay the benefit out every week , hes up against it on many fronts , msm being the biggest , the only thing I would object to is lithium mining and the use of slave labour , let’s leave that to those third world corners of the world
@Analyse_US3 ай бұрын
These discussions make Tech companies and exports look attractive. Weightless exports, high wages, no pollution, high growth, no H&S risks, quick and low cost to setup, low environment impact....
@deborahbuchanan32383 ай бұрын
Does the Forestry Industry honour his social licence now? after the Hurricane Gabriel Auckland disaster.
@greybuckleton2 ай бұрын
Why is what happened in Auckland the forestry industries fault? Do you mean Gisborne? That's where all the trees washed up on the beach. And yes they are cleaning it up, I was there just the other day. They are also the largest employer in Gisborne, substantially so. It's not very clear what they would do without that work.
@rtvandle3 ай бұрын
30 million and only a tiny bit will go to the west coast........... That's it. How much will go towards restoring the environment.
@AS-no5cs2 ай бұрын
Zero. They leave to Labour to deal with then shit their pants about Labour overspending money.
@greybuckleton2 ай бұрын
When you get a resource consent for a mine in includes the companies' plan to return the land to proper condition after use. This has already happened with some of the mines in Waihi.
@shanastroskyphazer81723 ай бұрын
Wow the comments are not turned off. You've earned my sub Jack. Great job. I'm all for mining as long as there is full transparency. Hands off current DOC national parks and heritage sites. Any profits heading overseas MUST BE TAXED back to the NZ people. So we receive more tax cuts and or community fund projects to develop land in the vicinity of the mine. Also why can't WE CREATE OUR OWN MINING COMPANIES THEN SELL THE MINERALS OURSELVES ?. I THINK THAT STRATEGY WOULD BE MUCH MORE BENEFICIAL FOR NZ.ERS And protecting our National parks at all costs. I'm yet to be convinced that we should give up even 1%-5% of National parks for mining unless there are serious kickbacks for all New Zealanders. Good discussion. Thanks
@Hajduk-Kralj3 ай бұрын
What’s the reasoning why we don’t do it ourselves?
@dwee30053 ай бұрын
@@Hajduk-Kraljbecause the big foreign mining companies are in the back pocket of this government and that's why we don't do it ourselves because this government literally sells us out to foreign investment. Exactly the same as John Key sold the NZ banks to Australia so they can profit 5 Billion per year from kiwis. Same will happen with mining, oil and gas. Oh wait it already has happened and continues to happen at the moment. All the big mining companies in NZ are majority foreign owned.
@StephenFleming-kk7uk3 ай бұрын
Yeh , just like Solid Energy, the government run coalminer that went broke through mismanagement.( I think the staff must have moved to running the Railways Cook Straight ferries)
@jxzn91442 ай бұрын
@@Hajduk-Kralj we have no industry. Unless one of our richlisters is keen to pivot into mining and front the cost of kick starting an industry from scratch, then I imagine there will be no one in NZ to seriously enter a conversation around contracting work, especially work as speculative and uncertain as this. The alternative would be government coming out and using tax money to kickstart a mining industry but I can't see this happening
@adsdft5853 ай бұрын
GST on exports is zero. But they claim all the inputs .
@emilyalice13 ай бұрын
As it should be.
@ufconlyfamz693 ай бұрын
gst is a consumption tax though
@ronaldwarren12673 ай бұрын
Jack Lame what a pleeb
@Playboysmurf13 ай бұрын
But in this video, they are talking like there will be a GST take.
@jackielone10353 ай бұрын
Does he mean a few jobs paid peanuts by multinationals on PAYE who pay GST? 😂😂 outright theft and slavery in exchange for giving away the country's natural resources. "economic growth" my foot!
@tajtandoori90763 ай бұрын
So it's won't be the "nephs on the couch" getting the jobs it will be the "nephs in Australia". Right. And the local economy eg the local four square, pub, bus service will see spend by the miners, while the big $$$ goes offshore. Got ya.
@nikj523 ай бұрын
BS go to the coast and you will meet hundreds of kiwis waiting for mini g jobs to come back . Remember jacinda took all their jobs away from them .
@dwee30053 ай бұрын
@@nikj52why don't they go get another job in a sustainable industry then. If they want to mine they can bugger off to Australia like the rest of them
@tajtandoori90763 ай бұрын
@@nikj52 Tell that to Shane. It sounds like there are many beneficiaries there.
@tajtandoori90763 ай бұрын
@@dwee3005 Exactly. Many of us have to change careers.
@The-Chrystalmachine3 ай бұрын
Are they going to require a mitigation restoration bond from the profit makers to aviod the situation of the public of New Zealand being left with the cost of cleaning up any potential disasters.
@nikj523 ай бұрын
That's always included in the contracts . If you are uneducated, it's best to stay quiet instead of commenting and showing your ignorance
@dwee30053 ай бұрын
@@nikj52if that's always included in the contract then what happened to Tui oil fields and Tamarind Resources?? How come the New Zealand Tax payer had to fork out 300 million to pay for the clean up of Tui oil fields if those costs were already included and counted for? Please explain.
@The-Chrystalmachine3 ай бұрын
@nikj52 If you care to read the other comments first, i would ask who is the uneducated one and should you be commenting on things you clearly don't understand. The historical evidence does not support your claim in this case.
@marksmit81123 ай бұрын
Export the profits, socialise the costs. Despicable and undemocratic
@everythingallofthetime3 ай бұрын
@@nikj52 You don't come across as arrogant at all. (sarcasm)
@christophermarshall5273 ай бұрын
When Shane Jones says he wants to mine the South Island's West Coast to help the 35,000 odd, people living there, he clearly hasn't talked to the locals. Australian mining companies means the profit goes back to Aus and the royalties go back to Wellington leaving Coasters with sod all just another hole in the ground.
@RJ-ry5qu3 ай бұрын
Well I guess you missed his visits there recently - stop making shit up
@shanastroskyphazer81723 ай бұрын
Great point. I agree. Tax backs and royalties to go to mining communities first and foremost and development projects for those communities to increase their standard of living in these mining regions which will also attract more people and more jobs that tie in for environmental projects to Keep all these areas as beautiful and clean as possible.
@matkissell963 ай бұрын
Ummm yes he has asked the locals. And yes we want the jobs. So if you ain't from the coast sit the fuck down and shut up
@jackielone10353 ай бұрын
Even Aussie loses its revenue to multinationals. They lost $400 billion revenue to big oil and have to buy back their own oil for a high price. Both left and right politicians market this scam as "economic growth".
@grizzz68842 ай бұрын
@@shanastroskyphazer8172 shane will never let that happen
@mixmastermootree3 ай бұрын
He says Helen clarks govt as if he had nothing to do with it
@colincoupe43482 ай бұрын
Before criticising mining due to environmental concerns visit the Stockton Mine. The restoration that has taken place after removal of the coal is better than what it was previously.
@annier61713 ай бұрын
I love the way Jack lets Shane kick himself in the arse so much, Jones really doesn't need journalists asking him the hard questions, he manages to look like a complete twat with no help from anyone.
@Brandubh19653 ай бұрын
The government should get into mining and keep all the money not just 2%
@StephenFleming-kk7uk3 ай бұрын
Most of the Government run super funds are invested overseas with no desire to invest in New Zealand, so we have to use overseas capital.
@tonygee32843 ай бұрын
This is the same Shane Jones who leases out the Sealord fleet owned by Nga tahu to the Chinese to fish our grounds dry He says No cameras on these boats because there rapping our seas
@dannytaukamo46643 ай бұрын
Japanese
@thomasr2463 ай бұрын
Lies any proof?
@philipansell3 ай бұрын
Find some Kiwi fisherman fella!
@thomasr2463 ай бұрын
@@philipansell I am one you fool, don’t tell me you are so thick you would vote labour or Greens or Maori party? That how dumb you are ?
@matkissell963 ай бұрын
Total lies.
@Peter-kk6rg3 ай бұрын
2%Royalties =Corruption
@tonygee32843 ай бұрын
Shane Jones and his fat cats will take that
@marksmit81123 ай бұрын
Shane gets his cut
@bobdillon11383 ай бұрын
No its because NZ isn't attractive to the mining company's and the only way we can get them to come down here.
@zeroyon45623 ай бұрын
@@bobdillon1138Sounds like it’d be better they didn’t come down here then.
@Peter-kk6rg3 ай бұрын
@@bobdillon1138 2% Royalties is outrageous and the Minister who agreed to that must be dumb or corrupt or both.
@Peter-kk6rg3 ай бұрын
How are the royalties for mining up New Zealand or are we giving our wealth away for nothing.?
@Luke-pb9oz3 ай бұрын
That's right, the royalties are worth stuff all, it's what goes in the back pocket is what it's all a bout, if you ask me, a bunch of unmitigated ratbag crooks.
@dwee30053 ай бұрын
We are giving it away for nothing.. the last time in happened we basically lost money.. Like the oil companies that just claim there isn't any money left and go into liquidation and leave the NZ tax payer with a 300 million dollar bill to clean it up along with another couple hundred million owing to creditors. All for 600 million $ of royalties... And guess what, a few months later the exact same company is running new oil fields in New Zealand under a different name. Thought they were bankrupt, na seems like they just shifted their money around to avoid paying the 300 million dollar clear up bill. Tui oil fields Tamarind resources went supposedly bankrupt Matahio was granted permission to commence new oil fields in Taranaki Same Management, same CEO. Same everything. Nothing done about it....
@Peter-kk6rg3 ай бұрын
@@dwee3005 It would be interesting to see what Saudi Arabia gets in Roy
@dwee30053 ай бұрын
@@Peter-kk6rgyea true but NZ only charges 2% royalties and Saudi 15% for the first 70$ of the barrel 45% from 70-100$ and 80% afterwards Compare that to our measly 2% Corporate greed and corruption at it's finest
@Peter-kk6rg3 ай бұрын
@@dwee3005 That's incredible,why has New Zealand got the worst royalties deal in the world. It must be corruption because Shane Jones would how much other countries change on royalties.
@andrewgillespie67943 ай бұрын
Guarentee the lions share of the money doesn't go to the coast. Lobbyists have got this guy in their back pocket.
@MrMiratana3 ай бұрын
Yeah, He is really going hard in the paint because he knows he's only going to be there for one term. Fcuk that guy and his dolphin killing lies
@tonybolstad95143 ай бұрын
Agree, it's absolutely shameful. 😢
@matkissell963 ай бұрын
Lol the jobs are for kiwis so the money goes to kiwis
@jackielone10353 ай бұрын
Aussie lost $400 billion revenue in ten years to big oil. Politicians both left and right covered it up as "economic growth". They buy back their own oil at a high cost...
@deangelocoghini66733 ай бұрын
If they're only mining for antimony, can I have all the gold they happen to incidentally dig up?
@grizzz68842 ай бұрын
and all the other metals they don't talk about , they can keep the gold it is peanuts , compered to the hiden metals
@theodoreardel89273 ай бұрын
Nz tech sector is worth 17 billion (according to google). Would it not be smarter to focus on this? And with advancements in technology with mining how many processes will be automated and require less human input in the near future? And what impact will that have on mining jobs?
@TeWakaOAoraki3 ай бұрын
Ah but you see Labour focused on supporting the tech industry and this lot have a policy of "undo everything Labour did or tried to do" so supporting the tech industry lies outside of that scope.
@annier61713 ай бұрын
There won't be a huge amount of jobs coming out of this. 'all those mining people overseas' that he has spoken too will come back to work here. So no extra jobs for anyone here! This is complete bollocks.
@joebloggs53333 ай бұрын
While i respect the veiws and opions of all, there seems to be a layer of hipocracy in this argument. No mining for minerals - we would have it. Yet, as we sit here typing on our computer, using our cell phones, ride our electric bikes, drive our electric cars, or even when we may need a titanium hip replacement, we benefit from the very resources we oppose extracting from our lands and oceans. Not in our back yard - but anywhere else around the world is someone else’s problem. Something doesn’t quite add up.
@dwee30053 ай бұрын
The problem is that all of the profits will be sent offshore and will provide next to no positive benefits for New Zealand and it's people. The issue isn't that we want to extract the minerals. We already do that.. It's how and with who we do it and how we restore the environment afterwards. Isn't that obvious?
@TeWakaOAoraki3 ай бұрын
"Other countries are getting absolutely fucked for little return by multi-national corporations so why shouldn't we?" doesn't seem like a good basis for an argument to me.
@marksmit81122 ай бұрын
Yes its obvious you dont quite get it.
@Sam-lk6eo3 ай бұрын
Fact check what he's saying about workers oversea's, Yeah their working alright but not in authorative roles ? Just as long as he's not showing us a small time mine operation which everybody says ok with, Then after it gets accepted by public then they switch it, to a much larger oil mining operation, off our shore line.
@Peter-kk6rg3 ай бұрын
2% Royalties 😂😂😂
@tradetech78893 ай бұрын
Not for us shareholders! LOL
@jackielone10353 ай бұрын
F all. Aussie lost over $400 billion revenue in ten years to big oil. Both left and right covered it up and marketed as "economic growth" BS. They buy back their own oil and gas with high price...
@LWJCarroll2 ай бұрын
14:45. I used to live about 1km from the old gold mine in Alexandra, downstream on the Clutha river on Bridge Hill. It hasn’t been cleaned up nor returned to its former natural state. That gold mining company just closed up shop and buggered off. Fyi. 😊
@hp26792 ай бұрын
after stuffing up mokai patea carbon credits and ripping off the iwi, he wants to mine and exploit. Pay your porn bill first
@donaldwright66133 ай бұрын
I'm with Shane Jones. NZ needs to be self sufficient in everything that's possible to be self sufficient in. The World is changing fast, we need to be ahead of the game.
@kevinmckay19553 ай бұрын
Mining is a commodity industry. It doesn’t make us any more self sufficient unless we add the manufacturing that utilises what’s produced
@marksmit81123 ай бұрын
OK boomer you have proved you have no idea but thanks for the comment.
@ksj15263 ай бұрын
Shane, like all other popularism politicians, gets angry and denial when his plans got busted.
@emilyalice13 ай бұрын
His plans haven't been busted. Get out of your small minded, school kid politics.
@rocarroll15333 ай бұрын
None education for insults
@KingiKuki3 ай бұрын
Antimony, not Antinomy... Nice try tho Shane. Antinomy would be the conundrum we face regarding the climate and the environment.
@dwee30053 ай бұрын
How about we stop New Zealanders investing in the housing market and get them investing in businesses that actually grow New Zealands future. Making $ of existing housing stocks isnt improving or doing anyone any favours or solving any issues that are at hand. If anything it simply makes it worse. Why is this government okay with foreign companies and investors coming into NZ, making tonnes of money from mining, oil and gas and then simply leaving with the profit and not giving almost anything back to NZ society except what... Jobs? Sounds like a pretty rubbish deal to be honest.
@Turtle777353 ай бұрын
We have the lowest efficiency among the OECD, how you expect business to invest money in such a country? If we can not work hard enough then at least we can sell our resource to foreign country and get a small slice of pie. Face the reality.
@nikj523 ай бұрын
If people stop investing in property. People will have nowhere to rent . We can't compare ourselves to overseas countries . Our situation is unique. We are at the bottom of the world with a small population. If we don't diversify, we will be a bankrupt company
@kevinthomson95133 ай бұрын
Jobs are pretty important and also there is the royalties obtained. Not much different from Rocket Lab benefiting from government grants only to be sold off overseas. Still it provides ongoing jobs.
@dwee30053 ай бұрын
@@nikj52not true at all. Buying and selling existing houses for profit doesn't benefit anyone. The houses would still exist for people to rent if they weren't being traded hands and additional if they were being used as a trading platform to make profits then maybe people would be able to afford to buy the house and wouldn't have to rent at all...... Go ahead and invest in building new houses and making new opportunities for people to rent but stop the trading of the existing house market stock which only pushes up the purchase prices and the rental prices along with it. Nobody gains from trading existing housong stock except the rich and what do they do with their money....? Keep it locked away. They aren't investing in businesses and new ventures like they do overseas, because they don't need to. They can just trade houses all year long and make huge profits without paying any capital gain tax... Business without a tax. Nice deal
@dwee30053 ай бұрын
@@kevinthomson9513the royalties from mining, gas and oil are a joke... NZ received 600 million dollars of royalties from Tui oil fields for 40 million barrels of oil... And then the company just liquidated without cleaning up the site which costs NZ tax payers over 300 million dollars. Additionally there was also a few hundred million dollars owed to creditors. Proof royalties don't make any money. So the only people who won something were the large oil companies as always. Jobs are important yes.. but you could also have jobs in almost any other sector so your point is basically irrelevant
@markdev47963 ай бұрын
Wont even touch the sides of the clean-up costs, how many years of income has New Zealand shelled out on the $350M clean-up of the Tui field, EQC shelled out when the Waihi mine collapsed- still not cleaned up. Clean-up always falls in the lap of local council or tax payers.
@GordonDykes3 ай бұрын
Good Interview Jack,
@AminYaMum853 ай бұрын
Good on ya Shane.Lets get nz moving again
@CUZZABRO3 ай бұрын
For 2% royalties and 1 400th of GDP lmao okay.
@adsdft5853 ай бұрын
He is getting overseas business moving in and taking out stuff! NZ is about kiwi owning stuff and keeping the income here.
@adsdft5853 ай бұрын
@CUZZABRO I not sure why thinks exports attract GST. They zero rated but the business can claim a credit for input tax. This means they get a GST refund 90% of time.
@francisheperi41803 ай бұрын
Away with green wokies
@francishiggins84983 ай бұрын
what about the uranium in the Buller gorge we can make money from that
@adrianhill89773 ай бұрын
I wouldve thought that if the produced minerals were exported they would be zero rated for GST ?
@dwee30053 ай бұрын
Yes exactly but this genius minister doesn't even understand that himself
@Kiwiskirt3 ай бұрын
He just made it clear that the profit is pathetic, what a waste of time.
@annahouston95283 ай бұрын
I agree ☺
@deserteagle-nx1hl3 ай бұрын
The profit is pathetic because as Shane explained, only 1500 hectares out of 8,000,000 hectares is open to mining due to the DOC hogging the land. The DOC will probably try to stop 4.9 million square km Zealandia from being extracted as well.
@StephenFleming-kk7uk3 ай бұрын
Very high paying jobs plus GST plus plu splus.
@deserteagle-nx1hl2 ай бұрын
Not if you take into account only 1500 of 8 million hectares is open to mining. Expand further, particularly underwater Zealandia, and you have vastly greater profits.
@Kiwiskirt2 ай бұрын
@@deserteagle-nx1hl I think you missed the point there. Expanding is what we don't want!
@jonathanpersson12053 ай бұрын
It's about time we restarted mining in NZ. It's ridiculous that we are importing the minerals we need when we could be exporting and making money from it from our own resources. We shouldn't allow the greenies to impoverish us. And we have never had a tourist decide not to come to NZ because we have some mining, do the mining then allow nature to move back in and take over again.
@numnum53 ай бұрын
Bro are you even listening to this? All the big mining companies are overseas owner, so no profits stay in nz. and the situation between emploeer and employee is the same way you would look at fashion branded bags, costed to make $69 and sold for $2800.
@jonathanpersson12053 ай бұрын
@@numnum5 profit is only a small amount of the revenue of any business usually around 5% the rest of the income is spent and recycled within to local economy. Having a mining company move in is great news for workers and small businesses in an area. When the greenies are crying everyone else is thriving.
@marksmit81122 ай бұрын
We dont manufacture anything but you wouldnt get that because it entails reading more than MSN
@andrewoh16633 ай бұрын
Tame is a typical city boy. He has no clue where the things he relies on from day to day come from. It's highly hypocritical to deny mining here in NZ when all of his daily necessities come from mining.
@mikebarker69793 ай бұрын
Bullshit, he's saying what's the actual benefit to NZ. All the profits go overseas.
@nikj523 ай бұрын
@mikebarker6979 not true
@mikebarker69793 ай бұрын
@@nikj52 they just went through the figures mate, it's a joke.
@francisheperi41803 ай бұрын
With soft small hands🙃
@markorourke59012 ай бұрын
It's a no-brainer for NZ to use its own natural resources, far better than creating a bigger carbon footprint by shipping it from overseas.
@nikj523 ай бұрын
Jack obviously doesn't understand the big picture the Westcoast will die without mining . Everyone was well off years ago when we mined . It makes financial sense to mine gold and minerals
@CUZZABRO3 ай бұрын
It's a boom and bust industry of the past.
@SteveStevenson-tg2mb2 ай бұрын
My issue is if this govt get 10 billion they'll spend 15 billion. Theyve already spent anything that gets mined, we're 166 billion in debt. They just cant budget
@bentomlin81832 ай бұрын
Amazing work Jack. Well studied - you knew more about the matter than the emperor with no clothes and shone a light. Excellent questions. Thanks for the work you do.
@ksj15263 ай бұрын
Jack has done an excellent job for this interview, in terms of ripping off the "common sense" of popularism and disclosing their logic false.
@emilyalice13 ай бұрын
Wrong
@talananiyiyaya89123 ай бұрын
popularism is democracy
@jackielone10353 ай бұрын
@@talananiyiyaya8912 Pluralism is democracy, populism is propaganda.
@jackielone10353 ай бұрын
@@talananiyiyaya8912 wrong, pluralism is democracy.
@talananiyiyaya89123 ай бұрын
@@jackielone1035 and how do you think you get a plurality? By being populist...
@Al-oe8ib3 ай бұрын
You can bet it adds up….for shane
@robertmariu67832 ай бұрын
Private companies in order to get special deals do deals with ministers ; small govt gets rid of oversight ?!
@mAKETU132 ай бұрын
I moved to QLD last year to work in the coal mines. NZ cannot match the wages they pay Here. I will not move back home anytime soon.
@tomrobinson85933 ай бұрын
Shane you wana be! still trying to baffle us with bull shit. Go get em Jack!!
@CUZZABRO3 ай бұрын
His comments about cameras on boats were appalling. What an awful man.
@dwee30053 ай бұрын
Just a coincidence that 7 times as many dolphins were registered as being caught as bycatch after the cameras were put on boats. Who would have ever thought.. Hilarious that he claims to care about local wildlife and fishing while trying to exterminate them as fast as possible for a quick profit
@francisheperi41803 ай бұрын
Quit the wokeness.
@MichaelDurant-vz1bb3 ай бұрын
dig dig dig your grave!! Awful + pathetic.
@williambutterfield20452 ай бұрын
Go Shane we are behind you, you have my vote
@davehawes81773 ай бұрын
Shane Jones says that the gold mine he put 15 million into is creating "100's and hundreds of jobs". Not true, Federation mining says up to 150 jobs when fully operational, which will be sometime next year if they get the required investment capital.
@demelzahoogeveen10343 ай бұрын
Beware that no corporates start a business with providing jobs, and revitilising a community in mind. They're here to make money for the owners, that is all. If we open up land for mining we need to get every dollar we can - increase royalties, make them pay for new roading, clean up and any disaster. Once the mine is spent, they'll leave, the jobs will go, and the taxpayer cleans up the mess, as has happened every other time.
@jackiebiggs70713 ай бұрын
You're not informed about what happens. You're basing your information on what happens overseas not here.
@justincrooks98993 ай бұрын
You don''t collect GST on exports, all are exports are GST exempt transactions
@solgoodman7303 ай бұрын
Drill baby drill & Dig & dig
@bethells863 ай бұрын
People will come back to work in mining? Hmm....not a very appealing option to come back to.
@wimpieo3 ай бұрын
The West coast needs those mines. We need that investment so we can stand up again and be a striving economy and Greymouth can be a booming town.
@The-Chrystalmachine2 ай бұрын
@wimpieo look back at your own history on the coast. I agree that this area needs revitalisation and that local jobs are required to achieve that. Sustainable jobs and economic growth are essential to achieve that goal. Mining will provide what it always has boom, then bust.
@rtvandle3 ай бұрын
So its not about economy its about jobs and almost no money in royalties at all
@jxzn91442 ай бұрын
Good conversation. Shane Jones is probably correct that this is the best economic opportunity for building these particular rural NZ economies, and I can tell he cares about these communities that probably get little attention otherwise. But the obvious problem in NZ is we need significant economic growth, not 4.4% of 1b revenue and +2000 jobs. Add in the long term risks associated with overseas companies exploiting our land, and its not a very compelling use of taxpayer money and government time.
@rtvandle3 ай бұрын
If labour sees things shane jones way, they will never be in gov again
@raukuraropiha36682 ай бұрын
Bad interview Shane, ThanQ for sharing your true intentions. I will be in contact with you soon. Regards Raukura
@andreschuurman10533 ай бұрын
Stop attacking the messenger and listen to the messages a 2% benefit is peanuts nz is being ribt off again
@andrewlim93453 ай бұрын
I think it is more environmentally friendly to extract our own minerals rather than import them from overseas.
@kimberleylouiseprance4453 ай бұрын
Shane Jones is that horrible old uncle you dreed sitting anywhere near at Christmas and everyone can't wait for him to go home.
@adsdft5853 ай бұрын
What additional road expenditure is needed?
@nikj523 ай бұрын
None the coast is already a mining region and the infrastructure is there . One mining company is building a knew wharf for the boats . . Go to blackball , reefton and Westport, and greymouth and ask the locals . They are desperate for mining to return . Jacinda destroyed those towns with her archaic policies against mining
@marksmit81122 ай бұрын
Less then the clean up which tax payers will also pay for.
@mikebarker69793 ай бұрын
If New Zealanders come back home to mine, any PAYE will be canceled out by the social services/infrastructure needed to support the extra population anyway.
@bmac20122 ай бұрын
Poor Jack still has Cindy living in his head rent-free
@ohnean12 ай бұрын
Poor bmac ... wishes he had a head, but the rent was tooo much !
@nikj523 ай бұрын
Omg Jack , dont you want nz to grow. The small towns on the coast are desperate for mining . NZ isn't all about Auckland . I suggest Jack goes to blackball , Reefton , and Westport and realize how important this is to the regions
@bethlaugesen60633 ай бұрын
I agree
@marksmit81123 ай бұрын
NZ needs to grow the fuk up and get educated. There is a polycrisis and capitalism is at its core, yet uneducated masses are oblivious to it.
@lesfin32653 ай бұрын
Aus is full of minerals. Can’t compare aus to West Coast. Better mining btc next to a power station
@murraycrosbee58733 ай бұрын
Australia has better health and safety outcomes for their workers, too.
@jackielone10353 ай бұрын
@@lesfin3265 Aussie also lost $400 billion in ten years to big oil plus has go buy back its own oil and gas for a higher price from multinationals...
@grizzz68842 ай бұрын
@@murraycrosbee5873 yeh they don't die
@grizzz68842 ай бұрын
@@jackielone1035 yep and people think shane is smart
@murraycrosbee58732 ай бұрын
@@grizzz6884, Shane is extraordinarily arrogant and imagines that the rest of us are a pack of ignorant peons.
@petertrott51073 ай бұрын
Tell me what right does some media have to start calling our country a different name Then push and push without any communication with the people of NZ. New Zealand is called New Zealand. We already have our own flag we don't need another..
@AS-no5cs2 ай бұрын
Aotearoa. Kia Kaha. Get a life racist uncle Pete.
@LWJCarroll2 ай бұрын
No we are both New Zealand and Aotearoa fyi. 😊
@christophermarshall5273 ай бұрын
Sorry I'm sick of Shane Jones, can't he mine his own backyard. I've nothing against mining done properly, but Pike River is never far from the minds of most on the Coast.
@jackiebiggs70713 ай бұрын
Not true
@ohnean12 ай бұрын
@@jackiebiggs7071 So enlighten us jackie ...
@stephenjones81143 ай бұрын
How is it "catastrophizing" to worry about the extraction of coal, gas and oil, or the increase in carbon emissions required to extract minerals when we are already bumping on and over the 1.5 deg C limit beyond which we were warned not to go without suffering the sorts of climate events predicted, and now manifest? The Walrus and the Carpenter Were walking close at hand; They wept like anything to see Such quantities of sand: If this were only cleared away,' They said, it would be grand!' (Lewis Carol. Walrus and the Carpenter) We know what happened to the oysters when they listened to that walrus.
@jamesbroughton47063 ай бұрын
so what is the down side of investing solar energy to house holds in order to take pressure off the grid
@kevinmckay19553 ай бұрын
Using Solar energy will require additional investment in the grid
@davehawes81773 ай бұрын
Gezz Shane, what an absolute shocking defense of fishing industry, cameras, by-catch etc. I believe any thinking person watching this now believes you should not be allowed anywhere near a fast track decision. This interview is insanity and ego gone wild by any standard. Enjoy your next 18 months and save hard because it's not gonna last bro.
@tomrobinson85933 ай бұрын
Jack got you and you switched off! Elaborate!!! wtf
@emilyalice13 ай бұрын
Jack Woke got nothing, He's a child.
@ufconlyfamz693 ай бұрын
@@emilyalice1 jack 'woke' lame
@ohnean12 ай бұрын
@@emilyalice1 If you're looking for a child ... you're guuna need a mirror !!
@emilyalice12 ай бұрын
@@ohnean1 Continually confusing your politics with the rule of law proves the Dunning Krueger Effect is alive and well within you. Come back in thirty years when you have an education, you utter knuckle dragger.
@Neil-yx3rc3 ай бұрын
Jack Tames smart alec approach lets him down. He refuses to listen carefully or thoughtfully to an answer. Does he not know about the multiplier effect in an economy? Employment at a regional level generates income for those employed….this increases spending in the area,which generates more jobs…and prosperity. Tame doesn’t concentrate on this transformation to the regions…rather he sticks to his talking points and his left wing ideology and plays to the irrational fears of his target audience. Shane Jones wants to benefit ALL NEW ZEALANDERS…Jack Tame wants to benefit HIMSELF with cheap shots,catastrophisations,and irrational biased reporting to gain favour with his target audience in search of ratings.
@yngsantino23402 ай бұрын
Opening doors for more corporate corruption.
@johndoe20063 ай бұрын
This would be acceptable only if they raised the royalties well beyond 2%
@davidboyd811312 күн бұрын
New Zealand government borrows now 940 million a week The only course of action I see is to lower the number of state employees by 250,000 which means will still have 300,000 bureaucrats
@Peter-kk6rg3 ай бұрын
NEW ZEALAND ROYALTIES 2% SAUDI ARABIA ROYALTIES 15%
@jackiebiggs70713 ай бұрын
Lol considering they pump what we're all dependent on your comment is 🤪
@Peter-kk6rg3 ай бұрын
@@jackiebiggs7071 Vote Green
@jackiebiggs70713 ай бұрын
@@Peter-kk6rg why?
@kiwiteacher1333 ай бұрын
Mr 2 %
@braydeny2 ай бұрын
This is a great interview.
@adsdft5853 ай бұрын
Waihi is a low income town! Australia is closing iron mimes in western Australia. Shell and BP sold off their shares in refineries in South Africa this year.
@nikj523 ай бұрын
Thise mines aren't the same ffs
@AlanFitness-t3n3 ай бұрын
I know people working in the Waihi area who contract to the mine & some of them are on over $40 an hour. With time you can work up to 6 figure salaries. This mine gives a lot of opportunities to young & older people which is great.
@adsdft5853 ай бұрын
What is the % of wages to income in sector? ( 5,000 people)
@thetechnician8323 ай бұрын
Shane Jones policies on mining are so fraught with flaws he thinks this is going to be a huge economic benefit to the Coast. Gold mining in nz is a huge cost to mining companies due to the low yield per ton compared to Australia. Also it uses very harmful chemicals such as Cynaide. Any profits will disappear overseas and we will pay for the environmental clean-up. And wages are low here compared to mining industry in Australia.
@lindamckenzie65003 ай бұрын
Yes Jack ....learn and listen to your superiors ...... Mr Jones is correct we need to invest in our resources...New Zealand has to get out of the doldrums ....This is a ggod way forward....
@marksmit81122 ай бұрын
You dont know anything go back to school and learn the basics
@Yapping1.0.13 ай бұрын
Shame Jones, ignoring the facts again. Shameful on fisheries, shameful on mining. Protect taonga, incl. our nation. Why do pols not ensure the nation benefits from ‘investment’. Why not raise the royalties as other nations do. (Canada/alberta =19%!, Saudi same) or do ppp, or even some action? Smells as bad as it looks
@tajtandoori90763 ай бұрын
Shane and his movie of choice and his arrogance, can't take him seriously. Outrageous he wants to review cameras on fishing boats. Thankfully the industry has agreed not to. The evidence of that data speak for itself, our vulnerable wildlife is being caught up in fishing nets. Great work Jack as always!
@francisheperi41803 ай бұрын
Woke wally
@tajtandoori90763 ай бұрын
@@francisheperi4180 Wow you can't even string an intelligent argument together to counter my comment. You are stupid.
@Chas-te7uz3 ай бұрын
How does this benefit the average person?
@jackielone10353 ай бұрын
It doesn't. Unless multinationals are taxed and resources are national not given to big oil for free.
@jnz93893 ай бұрын
@Jack Tame, do the unions donate to the Labour Party? Has Jack ever asked a Labour MP whether donations from unions etc influenced any decisions?
@marksmit81122 ай бұрын
Labour is traditionally the worker party now the centralist party whilst National and Act is for ignorant right wing cretins that fund and support it and NZF is plainly for nut jobs.
@lestertoelauhohua26842 ай бұрын
Anyone know of the oil thats been capped for decades just off the coast south of bluff? My grandfather was in the navy and worked in invercargill in the 60's and he always use to tell me that back then, it was world renowned that NZ had more oil than some of the biggest oil countries in the middle east.. Why dont we just uncap our oil. Genuine question!! If we got that much oil in our waters then why aren't we forcing the rest of the globe to buy from us. Too much being a pawn i say
@LWJCarroll2 ай бұрын
21:32 no they should be held to these standards and pay for this themselves rather than the NZ taxpayer, which on the figures discussed here appear to wipe out the returns.
@JamesDio-yu5yd3 ай бұрын
So shane, how much money are you going to make for yourself
@petertrott51073 ай бұрын
Is it possible to start up a party that is just looking out for what is good for NZers and NZ. A political party that isn't political but is for NZ.
@TeWakaOAoraki3 ай бұрын
TOP had the best policies but nobody voted for them. The average voter doesn't make it past sound bites and the parties with larger budgets get more sound bites.
@marksmit81122 ай бұрын
You mean young people and not friggin uneducated boomers? Wouldnt that be nice. Greens are closest but clueless about many things
@bowiestones13 ай бұрын
The Matua understands Jobs, Jack Tame has been employed by Taxes since he was 17yrs old.. The rest of the population go to work for a living
@marksmit81122 ай бұрын
Hilarious, do you also do stand up comedy outside supermarkets?
@warwicktie11993 ай бұрын
Jack knows when he's talking with someone not up to the game.
@AlanFitness-t3n3 ай бұрын
FFS Jack. New Zealand’s productivity has dropped a lot in the past 40 years. The mining may not be a perfect start but it’s creates opportunities for a lot of people & we need overseas investment. New Zealand owns companies overseas as well so there are always trade offs.
@Troy7013 ай бұрын
2000 well paid jobs will be massive for the regions.
@michellecaseygalloway7803 ай бұрын
He didn't look Jack in the eyes for most of the interview,that's very telling