If Queensland is serious about controlling our resources, mining leaseholders must know that if they’re not going to use it, they’ll lose it. It was positive to hear the minister finally agree with our position on this today, and I’ll be making sure this doesn’t become another meaningless slogan, the Leader of the KAP, and state Member for Traeger Robbie Katter said.
The Natural Resources and Mines Minister, responding to sustained questioning from Mr Katter told the Primary Industries and Resources Committee budget estimates hearing that he and the Resources Cabinet Committee are looking at “use it or lose it provisions … we don’t want to see land-banking taking place and these projects just sitting there for decades like currently is the case.”
“Have I got the number one example of land-banking and sitting on Queensland’s resources!” Mr Katter said.
“Glencore, despite having nearly four times the concentrate of copper as Eva Copper’s greenfield mine which they’re spending billions on developing, Glencore would rather spend their capital in other jurisdictions such as Africa and South America.
“If there’s ever a time that Queensland’s ministers need to pull up their big boy pants and put into action what they say, it’s now,” the Member for Traeger said.
Glencore have reported copper resources at Mount Isa of 151 million tonnes of copper ore, predominantly at the Black Star site, at 1.5% copper. Eva Copper, a greenfield development north of Cloncurry is spending billions on developing the mine and processing plant with only a 0.4% copper concentration.
“I’ve had companies bashing down my electorate office door, saying ‘if Glencore don’t want to mine it, let us have a crack!’ Mr Katter said.
“I’m no mines broker, but the calibre of people trying to get into that mine and development is exceptional. They know what they’re doing when it comes to mining and realising Queensland’s resources.
“Glencore are simply commodity traders who would rather lock up Queensland’s minerals and play the world copper market, which is only continuing to reach new highs,” the KAP leader said.
In May 2024, Mr Katter tabled the Mount Isa Mines Limited Agreement (Continuing Mining Activities) Amendment Bill to give the former government’s Mines Minister the power to strip Glencore of the Mount Isa lease were they not to continue mining. Labor allowed the bill to lapse, denying debate before the election.
“I’ve tried to give the Mines Minister the power to make the big calls and back Queensland over multi-nationals, and I’d be happy to do the same again if this government doesn’t put its money and action where its mouth is,” the KAP leader said.
It’s no wonder Glencore can land-bank, they need an outlet for all that money flowing through the BIS in Basel. There is a major super-pit in West New Guinea where they have gold + copper so Glencore probably has the ratios worked out, as well as planning to extract it later using currymunchers. Malaysia is already full of Bangladesh currymunchers keeping the local rates down.
Swissy regular citizens are starting to wise up to what their country is. One of them has doxxed a club called Dialog existing since 2006 started by Peter Theile, with Swissy ‘s Lord Muck, Scott Bessent, Ted Cruz, top democrats, army chief, NATO boss. I always wonder what Scott Bessent’s gay husband career is, maybe he is in on this ww3 thing, they call it “parallel government”, a feature of fascism.
Glencore and a bunch of others such as Twiggy have nailed their flag to the mast of green energy which they will keep promoting via M$M and doomed UnaParty mouthpieces. One of the big ones is was hydrogen which is highly corrosive at elevated temperatures but the experts must have told Twiggy don’t worry about it we are doing the IPO tomorrow and we will make everything out of platinum-palladium-neptunium-alphacentaurium or just solid gold to stop it from rusting. In Perth about once a year for a stretch of 5 or 6 years they had a bus self-igniting every year, it was “everyone off” and got a minute or two on the fake news M$M networks later that night. Cause never discovered !!!
Twiggy should stick to “GreenSteel”, as a last resort you can paint it green. You can’t paint “GreenHydrogen”. What makes Twiggy take these things on. BHP lost a bundle trying to be clever with their HBI plant up north. If he can make solar powered steel up there, good. I had the idea myself before he came out with it so probably a lot of people did. Twiggy should back off from Swissyland just as Gina should back off from Zion, just as Elbow should stop thinking about anal-tearing whenever his buddy Gates rings him up with some new “IoT” surveillance stuff.