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.
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?
@@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.
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.
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.
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?
@@sandralibeau4795 gold mining in NZ is alluvial mining.. And NOT extracted using arsenic or mercury... Learn about West Coast mining techniques BEFORE spouting lies...
@@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...
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.
@@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".
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.
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’
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.
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. 😊
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.
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.
@@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.
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
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....
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.
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.
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.
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-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.
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)
@@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
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.
@@greybuckleton lots of companies including the mill in tokoroa and kawarau have to spend a certain amount to offset their emissions or work ect I know this because I work on the projects yearly. I'd elaborate on them but I'm not sure If i can talk about it.
@@greybuckleton thanks although I am concerned about how mining will be managed and Is a uncertainty. But it would be nice if it was government owned so they could put that profit into other projects near the mine like roads, schools, infrastructure ect and help other nearby industries get the help they need too expand so the community doesnt die when the mine goes. And of course towards the environment.
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.
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!
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.
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.
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.
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".
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
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.
@@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.
@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.
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...
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...
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.
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-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
@@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.
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?
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.
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.
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.
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.
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?
"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.
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.
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.
@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.
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.
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
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.
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
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....
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.
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.
@@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.
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.
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
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.
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.
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.
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.
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.
Shame O , very vocal about thee negativity of human made decisions ..😮 Mmmm lets remove those whom think spending tax payers money on PORN whilst degrading your partner. 😢
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.
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.
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.
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.
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.
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
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
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
@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.
Jones is a rhetoric man and Tame is scratching the label off the jam jar and there are pittance behind the grand standing and phrases. Piss and wind Jones exposed for his shallow politics
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.
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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.
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?
@@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.
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.
ruclips.net/video/YbRXkmBIUzk/видео.html
Why would our small government do any better than the Australian government
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.
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?
@@sandralibeau4795 gold mining in NZ is alluvial mining.. And NOT extracted using arsenic or mercury... Learn about West Coast mining techniques BEFORE spouting lies...
@@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...
@@williamearnshaw410 I was thinking about McRaes. But if you want to be reported keep being abusive.
@@williamearnshaw410 That mine had previously been closed but Whittal's company asked to begin it again. The government should never have allowed it.
75 royalties with 10 set aside for environment protect and rehab 😢
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.
@@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".
Mining for 2% royalties. How much of the profit is going overseas Shane?
Add to the royalties the tax, highly paid jobs, support services and investment. New mines would be a massive boost to NZ’s prosperity.
How many jobs does it create tho? Id rather mine here make 100+k instead of having to go to aus
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.
You can become a shareholder and keep the royalties here at home! I will be
@@scipioafricanus4328 Yeah right the govt will be paying the
mining company's to come down here.
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’
That’s not possible cause Shame Jones has to pay his donors.
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.
And politrickans like Shane Jones pulls this crap outa his magical coalition hat n his personal bank account gets injected with profit serum
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. 😊
He says Helen clarks govt as if he had nothing to do with it
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.
We're broke because of the Labour & Green ideological deindustrialisation.
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.
I think he’s right but not doing it right. NZ should get a good deal out of this.
@@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.
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
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....
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.
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 .
@@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
@@nikj52 Tell that to Shane. It sounds like there are many beneficiaries there.
@@dwee3005 Exactly. Many of us have to change careers.
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.
Does the Forestry Industry honour his social licence now? after the Hurricane Gabriel Auckland disaster.
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.
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
What’s the reasoning why we don’t do it ourselves?
@@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.
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)
@@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
2%Royalties =Corruption
Shane Jones and his fat cats will take that
Shane gets his cut
No its because NZ isn't attractive to the mining company's and
the only way we can get them to come down here.
@@bobdillon1138Sounds like it’d be better they didn’t come down here then.
@@bobdillon1138 2% Royalties is outrageous and the Minister who agreed to that must be dumb or corrupt or both.
30 million and only a tiny bit will go to the west coast........... That's it. How much will go towards restoring the environment.
Zero. They leave to Labour to deal with then shit their pants about Labour overspending money.
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.
@@greybuckleton lots of companies including the mill in tokoroa and kawarau have to spend a certain amount to offset their emissions or work ect I know this because I work on the projects yearly. I'd elaborate on them but I'm not sure If i can talk about it.
@@TyreseSummers this is a good point. We already include environmental impact studies and mitigations for most projects.
@@greybuckleton thanks although I am concerned about how mining will be managed and Is a uncertainty. But it would be nice if it was government owned so they could put that profit into other projects near the mine like roads, schools, infrastructure ect and help other nearby industries get the help they need too expand so the community doesnt die when the mine goes. And of course towards the environment.
The government should get into mining and keep all the money not just 2%
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.
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.
GST on exports is zero. But they claim all the inputs .
As it should be.
gst is a consumption tax though
Jack Lame what a pleeb
But in this video, they are talking like there will be a GST take.
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!
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.
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.
Well I guess you missed his visits there recently - stop making shit up
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.
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
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".
@@shanastroskyphazer8172 shane will never let that happen
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
Japanese
Lies any proof?
Find some Kiwi fisherman fella!
@@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 ?
Total lies.
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.
That's always included in the contracts . If you are uneducated, it's best to stay quiet instead of commenting and showing your ignorance
@@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.
@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.
Export the profits, socialise the costs. Despicable and undemocratic
@@nikj52 You don't come across as arrogant at all. (sarcasm)
2% Royalties 😂😂😂
Not for us shareholders! LOL
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...
Guarentee the lions share of the money doesn't go to the coast. Lobbyists have got this guy in their back pocket.
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
Agree, it's absolutely shameful. 😢
Lol the jobs are for kiwis so the money goes to kiwis
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...
How are the royalties for mining up New Zealand or are we giving our wealth away for nothing.?
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.
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....
@@dwee3005 It would be interesting to see what Saudi Arabia gets in Roy
@@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
@@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.
Opening doors for more corporate corruption.
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?
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.
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.
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.
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.
If they're only mining for antimony, can I have all the gold they happen to incidentally dig up?
and all the other metals they don't talk about , they can keep the gold it is peanuts , compered to the hiden metals
Antimony, not Antinomy... Nice try tho Shane. Antinomy would be the conundrum we face regarding the climate and the environment.
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.
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?
"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.
Yes its obvious you dont quite get it.
Good on you shane jones It's good to hear Somebody talking.Since for a change
You can bet it adds up….for shane
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.
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.
You mean young people and not friggin uneducated boomers? Wouldnt that be nice. Greens are closest but clueless about many things
Good Interview Jack,
Can't bear to watch this greedy liar. Shame on anyone who voted for this clown show.
He is there because Luxon and the actor Seymour did not have the numbers.
@@tajtandoori9076 Yeah, not like their policies are any better.
Shane, like all other popularism politicians, gets angry and denial when his plans got busted.
His plans haven't been busted. Get out of your small minded, school kid politics.
None education for insults
after stuffing up mokai patea carbon credits and ripping off the iwi, he wants to mine and exploit. Pay your porn bill first
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.
So its not about economy its about jobs and almost no money in royalties at all
what about the uranium in the Buller gorge we can make money from that
Drill baby drill & Dig & dig
Good on ya Shane.Lets get nz moving again
For 2% royalties and 1 400th of GDP lmao okay.
He is getting overseas business moving in and taking out stuff! NZ is about kiwi owning stuff and keeping the income here.
@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.
Away with green wokies
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.
Mining is a commodity industry. It doesn’t make us any more self sufficient unless we add the manufacturing that utilises what’s produced
OK boomer you have proved you have no idea but thanks for the comment.
Ahead of the game and not owned by corporate crown cartel selling off Aotearoa NZs natural resources to their offshore investors
Poor Jack still has Cindy living in his head rent-free
Poor bmac ... wishes he had a head, but the rent was tooo much !
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
It's a boom and bust industry of the past.
Private companies in order to get special deals do deals with ministers ; small govt gets rid of oversight ?!
Aus is full of minerals. Can’t compare aus to West Coast. Better mining btc next to a power station
Australia has better health and safety outcomes for their workers, too.
@@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...
@@murraycrosbee5873 yeh they don't die
@@jackielone1035 yep and people think shane is smart
@@grizzz6884, Shane is extraordinarily arrogant and imagines that the rest of us are a pack of ignorant peons.
Go Shane we are behind you, you have my vote
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.
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
Shane you wana be! still trying to baffle us with bull shit. Go get em Jack!!
I wouldve thought that if the produced minerals were exported they would be zero rated for GST ?
Yes exactly but this genius minister doesn't even understand that himself
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....
You dont know anything go back to school and learn the basics
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.
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.
@@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.
We dont manufacture anything but you wouldnt get that because it entails reading more than MSN
If labour sees things shane jones way, they will never be in gov again
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.
This is a great interview.
His comments about cameras on boats were appalling. What an awful man.
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
Quit the wokeness.
dig dig dig your grave!! Awful + pathetic.
Shane Jones is that horrible old uncle you dreed sitting anywhere near at Christmas and everyone can't wait for him to go home.
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.
You're not informed about what happens. You're basing your information on what happens overseas not here.
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.
Bad interview Shane, ThanQ for sharing your true intentions.
I will be in contact with you soon.
Regards
Raukura
This is the same Shane Jones telling all our farmers to stop farming and grow billions of trees
Haaaaaa the arse fell out of that one
You don''t collect GST on exports, all are exports are GST exempt transactions
Mr 2 %
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.
People will come back to work in mining? Hmm....not a very appealing option to come back to.
Corrupt to the core.
He just made it clear that the profit is pathetic, what a waste of time.
I agree ☺
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.
Very high paying jobs plus GST plus plu splus.
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.
@@deserteagle-nx1hl I think you missed the point there. Expanding is what we don't want!
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.
Shame O , very vocal about thee negativity of human made decisions ..😮 Mmmm lets remove those whom think spending tax payers money on PORN whilst degrading your partner. 😢
In it Boots n All Matua Active Minning 💯 Where can us NZDRS invest for the Economy of New Zealand Growth 🇳🇿 First
😂🤡
Jack knows when he's talking with someone not up to the game.
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.
Thise mines aren't the same ffs
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.
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.
Not true
@@jackiebiggs7071 So enlighten us jackie ...
Is Shane Jones New Zealand’s Trump?
Na trump has a better haircut
Oh shut up
Dump
I think it is more environmentally friendly to extract our own minerals rather than import them from overseas.
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.
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.
So shane, how much money are you going to make for yourself
Jack has done an excellent job for this interview, in terms of ripping off the "common sense" of popularism and disclosing their logic false.
Wrong
popularism is democracy
@@talananiyiyaya8912 Pluralism is democracy, populism is propaganda.
@@talananiyiyaya8912 wrong, pluralism is democracy.
@@jackielone1035 and how do you think you get a plurality? By being populist...
How does this benefit the average person?
It doesn't. Unless multinationals are taxed and resources are national not given to big oil for free.
What additional road expenditure is needed?
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
Less then the clean up which tax payers will also pay for.
Hey Jonesy iam in!!!!
This would be acceptable only if they raised the royalties well beyond 2%
My view is the'reconstruction' of tik tok and your dancing jones.
Bank here.
Don't sell the Sun 🌞 to buy a candle 🕯️
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
Go for it Shane.
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
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.
@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.
Shane if gold was discovered where your whenua is would you be so quick to say dig,dig it up????
Jones is a rhetoric man and Tame is scratching the label off the jam jar and there are pittance behind the grand standing and phrases. Piss and wind Jones exposed for his shallow politics
And is too thick to be an interviewer. Everything is scripted
Nationalise 😊 Let them take fair profit but the rest stays home for stability and security
There would be investment in this country if residential property was not an all-but government guaranteed investment.
so what is the down side of investing solar energy to house holds in order to take pressure off the grid
Using Solar energy will require additional investment in the grid
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.
Bullshit, he's saying what's the actual benefit to NZ. All the profits go overseas.
@mikebarker6979 not true
@@nikj52 they just went through the figures mate, it's a joke.
With soft small hands🙃
He didn't look Jack in the eyes for most of the interview,that's very telling
Rubbish