http://blogs.reuters.com/africanews/2012/04/03/australia-worse-than-africa-for-mining-yikes-clyde/ African business, politics and lifestyle Wed, 22 May 2013 19:18:29 +0000 hourly 1 http://wordpress.org/?v=3.4.2 http://blogs.reuters.com/africanews/2012/04/03/australia-worse-than-africa-for-mining-yikes-clyde/comment-page-1/#comment-11731 Pelikaan Sat, 26 May 2012 06:20:31 +0000 http://blogs.reuters.com/africanews/?p=5479#comment-11731 Safety is read in two ways. Physical safety. Just look at the safety records of African mines against those of Australian mines. Australia less safe? The other way is financial safety. Leaving the ludicrous antics of the Australian parliament aside, there is little risk to mining companies. They may have to pay a little more in tax so that other Australians can share in them rather than just the shareholders and the CEO, but even under the Labor Party there is no risk at all to mining. Australians need it too much, in terms of employment or revenue. On the other hand many countries in Africa are exceedingly corrupt where the ruling elite pockets large shares of the national income at the expense of the rest of the population. So, mining safer in Africa? judge for yourself. Safety is read in two ways.
Physical safety. Just look at the safety records of African mines against those of Australian mines. Australia less safe?
The other way is financial safety. Leaving the ludicrous antics of the Australian parliament aside, there is little risk to mining companies. They may have to pay a little more in tax so that other Australians can share in them rather than just the shareholders and the CEO, but even under the Labor Party there is no risk at all to mining. Australians need it too much, in terms of employment or revenue.
On the other hand many countries in Africa are exceedingly corrupt where the ruling elite pockets large shares of the national income at the expense of the rest of the population.
So, mining safer in Africa? judge for yourself.

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