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!

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.

kzfaq.info/get/bejne/j8iCi86ep6-5qp8.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.

@@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 😢

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.

@@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".

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)

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....

@@dswee3005 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

@@dswee3005 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.

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.

@@dswee3005 Exactly. Many of us have to change careers.

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)

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...

and all the other metals they don't talk about , they can keep the gold it is peanuts , compered to the hiden metals

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.

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.

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.

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

Yes exactly but this genius minister doesn't even understand that himself

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.

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.

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.

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

You're not informed about what happens. You're basing your information on what happens overseas not here.

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...

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.

Using Solar energy will require additional investment in the grid

Poor bmac ... wishes he had a head, but the rent was tooo much !

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

It doesn't. Unless multinationals are taxed and resources are national not given to big oil for free.

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.

@@dswee3005 Obviously your anti mining, and an ignorant greenie, talking about restoring the environment after mining as if it was totally recked…. where do most people live? In cities, what is this doing permanently? Wrecking the environment If your talking about all profits going overseas then what about our big banks where do all these profits go, yep overseas, and there employment is minimal So where do you live and what bank do you bank with, supporting the very idea you have just written about mining, but 100 times worse Think before you write

His plans haven't been busted. Get out of your small minded, school kid politics.

None education for insults

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

In the opening lines of the interview Shane says "young people and families" and I immediately flashed back to that room full of grey hair. What a bold faced liar he is.

​​@@TeWakaOAoraki the young are in Australian mining earning twice the income having moved there after the downturn here. There were many young people working kn mining on thd coast before that.

Jack Woke got nothing, He's a child.

@@emilyalice1 jack 'woke' lame

@@emilyalice1 If you're looking for a child ... you're guuna need a mirror !!

@@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.

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.

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!

Kia ora - fully agree with your kōrero on taking a holistic approach and balancing practical solutions with sustainable action. We are absolutely in this together. You really should look at the latest climate modelling however, the take away definitely shouldn't be "plants are loving the extra CO2". We are breaking records every year in terms of global temperatures in recorded history, and the latest ocean temperature escalation is absolutely alarming to say the least. We are also experiencing record levels of CO2 in the atmosphere. Our earth energy imbalance has doubled from 2005 -2019 - we're absorbing much more heat and solar energy than in decades prior. It's not only worse than your comment let on, it's actually accelerating...and we know that even fairly mild temperature rises have massive implications in terms of sustaining life and fuelling catastrophic storms.... The European Central Bank now warns of the risk of climate change destabilising financial markets. We have to face the scientific reality head on in order to respond accordingly. I absolutely believe there are strong economic decisions and investments we can make that will super charge our sustainability efforts and in-turn benefit our economy and provide jobs.... Antonio Guterres (Sec. General of the UN), said recently "....we need an off-ramp from the highway to climate hell....it will all come down to the decisions our leaders take or fail to take in the next 18 months"

@@chrisstarkey6209 Kia ora, 🌍Thank you for your insightful kōrero and your commitment to a holistic and balanced approach in addressing climate change. 🍜 I agree that practical solutions coupled with sustainable actions are crucial. ☕However, I would like to present a broader perspective based on a comprehensive analysis of scientific data and theories. My findings draw from credible sources such as Tom Nelson, Dr. Matthew Wielicki, the IPCC, and others. 🌻The sun's energy output fluctuates over different timescales, with an approximately 11-year solar cycle and longer periods known as Grand Solar Maxima and Minima. These variations significantly influence our climate. 🌈Historically, solar variations have been linked to climate changes. Significant climate events, such as the Boreal Oscillation and the Little Ice Age, align with periods of low solar activity, underscoring the sun's critical role. 💥Radiocarbon dating reveals that periods of significantly reduced solar activity, known as Grand Solar Minima, correlate with notable cooling events. These patterns indicate that Contrary to popular belief, some experts like Vinós assert that humanity is currently cooling, not warming. Solar activity in the 20th century was exceptionally high, significantly influencing our climate. 🌞An increase in solar energy by 0.1% should cause minor overall warming. However, observations reveal significantly higher warming, suggesting that factors beyond CO2, such as regional solar effects, play a crucial role. ☀Solar activity influences the polar vortex and Earth's rotational speed, affecting atmospheric dynamics and climate patterns. This interaction highlights the complexity of climate systems beyond greenhouse gas effects. ⚖Heat transport involves complex processes that are not fully understood, posing challenges for accurate climate modeling. This mechanism significantly affects regional climates and underscores the need for more comprehensive models. 🕯Increased heat transport to the Arctic has led to significant temperature rises, challenging the sole attribution of recent climate changes to greenhouse gases. This highlights the importance of considering natural factors in climate dynamics. 💻Current climate models often fail to accurately replicate heat transport dynamics and overemphasize CO2's role. This leads to misconceptions about global climate impacts, necessitating a broader perspective. 🌬Renewable energy sources like wind and solar are intermittent and require substantial infrastructure for grid stability. In contrast, nuclear and hydroelectric power offer high EROI values and reliability, essential for sustainable energy independence. 🌞A balanced energy policy should incorporate diversified energy portfolios, including high-EROI sources like nuclear and hydroelectric power, alongside renewable technologies. ⛈Water vapor is the most abundant greenhouse gas, significantly more impactful than CO2 and methane. Human activities contribute only 4% of atmospheric CO2, which is not a significant driver of climate change compared to natural factors. 🌄Historical CO2 levels have fluctuated significantly over millions of years, indicating natural cycles are more influential than human activities in driving climate changes. 🗺Contrary to alarmist claims, the rise in CO2 concentration is linear, not exponential. This linear increase does not support the narrative of an alarming surge in CO2 levels. 🗻Sea levels are indeed rising, but at a modest and linear pace, showing no acceleration. For example, measurements from gauges in the Netherlands indicate an increase of only 20 cm per century. 🧊Predictions about disappearing sea ice have not materialized. Recent data shows a recovery in the extent of sea ice, debunking alarmist projections of ice-free poles. 🏔Glaciers have been retreating since around 1850, well before the significant increase in CO2 emissions due to industrialization. This indicates that natural factors, not solely human activities, drive glacier dynamics. 🏝Global warming can enhance biodiversity, as seen in the rich biodiversity of tropical regions compared to polar areas. This challenges the claim that warming is universally detrimental to biodiversity. 🏞The emphasis on CO2 as a primary driver of climate change is misguided. Natural factors like solar activity and heat transport play a more significant role in climate dynamics. 🌐A multifaceted approach is necessary to accurately understand climate influences. This includes considering solar activity, cosmic rays, tectonic activity, and other natural factors. 🤔Let's engage in a constructive dialogue about these findings and explore how we can integrate them into our efforts to address climate change. 🤑I believe in the potential for strong economic decisions and investments that can supercharge our sustainability efforts, benefiting both our economy and the environment. 💁Please share the sources of your information, as understanding different perspectives is crucial for a well-rounded approach to this complex issue. Together, we can develop practical, sustainable solutions that ensure a brighter future for all. Ngā mihi nui

Not many kiwis want to invest in businesses.. that's the problem! They are all fixated on investing in the housing market instead. Senseless

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.

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

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.

​@@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

​@@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

Not true

@@jackiebiggs7071 So enlighten us jackie ...

Rubbish

Woke wally

@@francisheperi4180 Wow you can't even string an intelligent argument together to counter my comment. You are stupid.

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.