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Pike River Mine Disaster Remembrance

Submitted by webmaster on Thu, 12/02/2010 - 13:01
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The Pike River mine disaster is a sobering reminder of the risks inherent in the mining industry, despite the safety systems and engineering advances of the past 15 years since the Moura disaster in 1994. 

On this day of the remembrance service, we at Prospect extend our deepest sympathies to the families and friends of the victims. We also extend our thoughts to the management and staff of the company, some of whom are well know to us; and also to the community of Pike River, all of whom are also affected by this disaster.

Gary Linton -

Are you keeping up with recruitment demand?

Submitted by webmaster on Thu, 10/14/2010 - 10:40
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The need to recruit in earnest seems to be our reality once again. I see that the newspapers are full of adverts offering a wonderful array of outstanding career opportunities, and online job boards are churning adverts almost quicker than you can read them.

What about nuclear power?

Submitted by webmaster on Mon, 09/20/2010 - 16:28
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Last week I was at the Australian British Chamber of Commerce lunch in Sydney addressed by Marius Kloppers, CEO of BHP Billiton Ltd. 

He surprised the audience and set a cat among the pigeons by advocating Australia take the initiative and lead the world on climate change policy with the introduction of a carbon tax.  He favours this as a simple and effective tax rather than a "difficult to implement" ETS.  The speech and the political and economic ramifications of a carbon tax have been widely reported in the press.

Less widely repor

Diggers & Dealers views on MRRT

Submitted by webmaster on Wed, 08/18/2010 - 09:31
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The MRRT is still a current issue for the mining industry, and will continue to be after the election if Labor is returned to office.

I was at Diggers and Dealers in Kalgoorlie at the beginning of August and there were many comments from mining chiefs that are worth posting.

Andrew Forrest, CEO of Fortescue Metals, spoke out strongly. “We in the mining industry know how to grow the industry. We employ tens of thousands of Australia people who become PAYE taxpayers. We are better at investing our profits than anyone in Canberra.

The Mining Tax – A Personal View – Part 2

Submitted by webmaster on Wed, 07/28/2010 - 13:49
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In my last blog, written before going on leave overseas for a few weeks, I wrote that the RSPT  as proposed would mean that there could be significantly less investment in Australian mining projects.  I also suggested that if this message got through to the public and to the Government, the proposal would inevitably be modified. 

Well while I was away not only was the tax changed, but the Prime Minister too, an extraordinary outcome that still has residual shock waves. 

Interestingly the new MRRT has been greeted with a much more muted re

The Mining Tax – A personal view

Submitted by ireckon on Wed, 06/16/2010 - 10:58
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Being so closely involved with the mining industry, I naturally read all of the press and am across the industry briefings that outline the problems with the RSPT as proposed. 

The message from Marius Kloppers, CEO of BHP, and other mining chiefs is quite clear.  They are unhappy with the 40% rate of the proposed tax, that it applies to existing projects, the threshold of the 10 yr bond rate (around 6%) applied to the book value rather than the market value of projects,  and the lack of differentiation between commodities.  The process by which t

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