The dire side effects of capitalism - mining


The dire side effects of capitalism - mining

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BETHFC
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Murdoch Rags Ltd wrote:
BETHFC wrote:
Murdoch Rags Ltd wrote:
Screw the pooch and then walk away.
One example of why neoliberalism is an ugly ideology. And simplistic to boot.

Quote:
Linc Energy to go into liquidation: Former employees among creditors owed $320m

Troubled oil and gas company Linc Energy is to be wound up after creditors unanimously voted to place it into liquidation.

The company went into administration last month after it was committed to stand trial on five charges relating to environmental breaches at its Chinchilla underground coal gasification site, north-west of Brisbane.

Former employees are amongst the 155 creditors who are owed $320 million.

http://www.abc.net.au/news/2016-05-23/linc-energy-to-go-into-liquidation-creditors-vote/7437382
http://www.abc.net.au/news/2015-11-19/workers-affected-by-gas-leak-at-linc-energy-trial-site-court/6956638


Your conclusion is bizarre. There are a lot of companies against the wall at present with low demand for coal.

Would be good if companies had to have a slush fund to rehabilitate their operations in the event that the company goes into administration.

I can only come to the conclusion you wilfully ignore the profit incentive of mining companies that, unconscionably, look to screw as much profit as they can out of the ground and put aside little, if any, for reparations. Then, surprise surprise, they go bankrupt and the environment (& workers) are left fucked.
The outcome of unrestrained & unchecked capitalism.


:lol: Oh sweetie you're so naive. What do you expect to happen?

The aim of the game is to get it out of the ground as cheaply and efficiently as possible so people can actually afford to buy the things resources make.

Companies are already made to put up a bond to cover some of the reinstatement costs. Google the Adani Carmichael mine and the associated approval conditions :lol:
Murdoch Rags Ltd
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BETHFC wrote:
Murdoch Rags Ltd wrote:
BETHFC wrote:
Murdoch Rags Ltd wrote:
Screw the pooch and then walk away.
One example of why neoliberalism is an ugly ideology. And simplistic to boot.

Quote:
Linc Energy to go into liquidation: Former employees among creditors owed $320m

Troubled oil and gas company Linc Energy is to be wound up after creditors unanimously voted to place it into liquidation.

The company went into administration last month after it was committed to stand trial on five charges relating to environmental breaches at its Chinchilla underground coal gasification site, north-west of Brisbane.

Former employees are amongst the 155 creditors who are owed $320 million.

http://www.abc.net.au/news/2016-05-23/linc-energy-to-go-into-liquidation-creditors-vote/7437382
http://www.abc.net.au/news/2015-11-19/workers-affected-by-gas-leak-at-linc-energy-trial-site-court/6956638


Your conclusion is bizarre. There are a lot of companies against the wall at present with low demand for coal.

Would be good if companies had to have a slush fund to rehabilitate their operations in the event that the company goes into administration.

I can only come to the conclusion you wilfully ignore the profit incentive of mining companies that, unconscionably, look to screw as much profit as they can out of the ground and put aside little, if any, for reparations. Then, surprise surprise, they go bankrupt and the environment (& workers) are left fucked.
The outcome of unrestrained & unchecked capitalism.


:lol: Oh sweetie you're so naive. What do you expect to happen?

The aim of the game is to get it out of the ground as cheaply and efficiently as possible so people can actually afford to buy the things resources make.

Companies are already made to put up a bond to cover some of the reinstatement costs. Google the Adani Carmichael mine and the associated approval conditions :lol:

Strange that you label me naive when this thread shoves reality in people's faces
Additionally, the title of the thread gets to the heart of the issue
BETHFC
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Murdoch Rags Ltd wrote:
BETHFC wrote:
Murdoch Rags Ltd wrote:
BETHFC wrote:
Murdoch Rags Ltd wrote:
Screw the pooch and then walk away.
One example of why neoliberalism is an ugly ideology. And simplistic to boot.

Quote:
Linc Energy to go into liquidation: Former employees among creditors owed $320m

Troubled oil and gas company Linc Energy is to be wound up after creditors unanimously voted to place it into liquidation.

The company went into administration last month after it was committed to stand trial on five charges relating to environmental breaches at its Chinchilla underground coal gasification site, north-west of Brisbane.

Former employees are amongst the 155 creditors who are owed $320 million.

http://www.abc.net.au/news/2016-05-23/linc-energy-to-go-into-liquidation-creditors-vote/7437382
http://www.abc.net.au/news/2015-11-19/workers-affected-by-gas-leak-at-linc-energy-trial-site-court/6956638


Your conclusion is bizarre. There are a lot of companies against the wall at present with low demand for coal.

Would be good if companies had to have a slush fund to rehabilitate their operations in the event that the company goes into administration.

I can only come to the conclusion you wilfully ignore the profit incentive of mining companies that, unconscionably, look to screw as much profit as they can out of the ground and put aside little, if any, for reparations. Then, surprise surprise, they go bankrupt and the environment (& workers) are left fucked.
The outcome of unrestrained & unchecked capitalism.


:lol: Oh sweetie you're so naive. What do you expect to happen?

The aim of the game is to get it out of the ground as cheaply and efficiently as possible so people can actually afford to buy the things resources make.

Companies are already made to put up a bond to cover some of the reinstatement costs. Google the Adani Carmichael mine and the associated approval conditions :lol:

Strange that you label me naive when this thread shoves reality in people's faces
Additionally, the title of the thread gets to the heart of the issue


You're naive because you expect things to be different to how they are. We have some of the most stringent mining legislation in the world.

Companies go out of business all the time and staff get screwed. Where is their slush fund?

This thread is about you copying and pasting ABC articles about an industry you clearly do not understand or have unrealistic expectations of.


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BETHFC wrote:
Murdoch Rags Ltd wrote:
BETHFC wrote:
Murdoch Rags Ltd wrote:
BETHFC wrote:
Murdoch Rags Ltd wrote:
Screw the pooch and then walk away.
One example of why neoliberalism is an ugly ideology. And simplistic to boot.

Quote:
Linc Energy to go into liquidation: Former employees among creditors owed $320m

Troubled oil and gas company Linc Energy is to be wound up after creditors unanimously voted to place it into liquidation.

The company went into administration last month after it was committed to stand trial on five charges relating to environmental breaches at its Chinchilla underground coal gasification site, north-west of Brisbane.

Former employees are amongst the 155 creditors who are owed $320 million.

http://www.abc.net.au/news/2016-05-23/linc-energy-to-go-into-liquidation-creditors-vote/7437382
http://www.abc.net.au/news/2015-11-19/workers-affected-by-gas-leak-at-linc-energy-trial-site-court/6956638


Your conclusion is bizarre. There are a lot of companies against the wall at present with low demand for coal.

Would be good if companies had to have a slush fund to rehabilitate their operations in the event that the company goes into administration.

I can only come to the conclusion you wilfully ignore the profit incentive of mining companies that, unconscionably, look to screw as much profit as they can out of the ground and put aside little, if any, for reparations. Then, surprise surprise, they go bankrupt and the environment (& workers) are left fucked.
The outcome of unrestrained & unchecked capitalism.


:lol: Oh sweetie you're so naive. What do you expect to happen?

The aim of the game is to get it out of the ground as cheaply and efficiently as possible so people can actually afford to buy the things resources make.

Companies are already made to put up a bond to cover some of the reinstatement costs. Google the Adani Carmichael mine and the associated approval conditions :lol:

Strange that you label me naive when this thread shoves reality in people's faces
Additionally, the title of the thread gets to the heart of the issue


You're naive because you expect things to be different to how they are. We have some of the most stringent mining legislation in the world.

Companies go out of business all the time and staff get screwed. Where is their slush fund?

This thread is about you copying and pasting ABC articles about an industry you clearly do not understand or have unrealistic expectations of.

Yep, let's treat the populace as mushrooms. Libs have already been doing it on 'border security'
It's not unrealistic expectations, it's just you're just too self centred to care. Your response on the Brazilian mining disaster in this thread is Prima facie evidence.
As per sig, right wingers couldn't give a flying fuck about long term consequences, as long as a buck can be made....

Edited by Murdoch Rags Ltd: 23/5/2016 06:37:39 PM
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Murdoch Rags Ltd wrote:
BETHFC wrote:
Murdoch Rags Ltd wrote:
BETHFC wrote:
Murdoch Rags Ltd wrote:
BETHFC wrote:
Murdoch Rags Ltd wrote:
Screw the pooch and then walk away.
One example of why neoliberalism is an ugly ideology. And simplistic to boot.

Quote:
Linc Energy to go into liquidation: Former employees among creditors owed $320m

Troubled oil and gas company Linc Energy is to be wound up after creditors unanimously voted to place it into liquidation.

The company went into administration last month after it was committed to stand trial on five charges relating to environmental breaches at its Chinchilla underground coal gasification site, north-west of Brisbane.

Former employees are amongst the 155 creditors who are owed $320 million.

http://www.abc.net.au/news/2016-05-23/linc-energy-to-go-into-liquidation-creditors-vote/7437382
http://www.abc.net.au/news/2015-11-19/workers-affected-by-gas-leak-at-linc-energy-trial-site-court/6956638


Your conclusion is bizarre. There are a lot of companies against the wall at present with low demand for coal.

Would be good if companies had to have a slush fund to rehabilitate their operations in the event that the company goes into administration.

I can only come to the conclusion you wilfully ignore the profit incentive of mining companies that, unconscionably, look to screw as much profit as they can out of the ground and put aside little, if any, for reparations. Then, surprise surprise, they go bankrupt and the environment (& workers) are left fucked.
The outcome of unrestrained & unchecked capitalism.


:lol: Oh sweetie you're so naive. What do you expect to happen?

The aim of the game is to get it out of the ground as cheaply and efficiently as possible so people can actually afford to buy the things resources make.

Companies are already made to put up a bond to cover some of the reinstatement costs. Google the Adani Carmichael mine and the associated approval conditions :lol:

Strange that you label me naive when this thread shoves reality in people's faces
Additionally, the title of the thread gets to the heart of the issue


You're naive because you expect things to be different to how they are. We have some of the most stringent mining legislation in the world.

Companies go out of business all the time and staff get screwed. Where is their slush fund?

This thread is about you copying and pasting ABC articles about an industry you clearly do not understand or have unrealistic expectations of.

Yep, let's treat the populace as mushrooms. Libs have already been doing it on 'border security'
It's not unrealistic expectations, it's just you're just too self centred to care. Your response on the Brazilian mining disaster in this thread is Prima facie evidence.
As per sig, right wingers couldn't give a flying fuck about long term consequences, as long as a buck can be made....

Edited by Murdoch Rags Ltd: 23/5/2016 06:37:39 PM


Because the Left-wing have done such a fantastic job building successful economies and not oppressing peoples rights. Fantastic job Afghanistan, Russia, North Korea, China, Cuba, Laos, Vietnam, Albania Bulgaria, Angola, Benin, Cambodia, Czechoslovakia, Ethiopia, East Germany, Mongolia, Mozambique, Poland, Hungary, Romania, Somalia, Yemen, Venezuela, Myanmar, Libya. Such success
BETHFC
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Murdoch Rags Ltd wrote:
BETHFC wrote:
Murdoch Rags Ltd wrote:
BETHFC wrote:
Murdoch Rags Ltd wrote:
BETHFC wrote:
Murdoch Rags Ltd wrote:
Screw the pooch and then walk away.
One example of why neoliberalism is an ugly ideology. And simplistic to boot.

Quote:
Linc Energy to go into liquidation: Former employees among creditors owed $320m

Troubled oil and gas company Linc Energy is to be wound up after creditors unanimously voted to place it into liquidation.

The company went into administration last month after it was committed to stand trial on five charges relating to environmental breaches at its Chinchilla underground coal gasification site, north-west of Brisbane.

Former employees are amongst the 155 creditors who are owed $320 million.

http://www.abc.net.au/news/2016-05-23/linc-energy-to-go-into-liquidation-creditors-vote/7437382
http://www.abc.net.au/news/2015-11-19/workers-affected-by-gas-leak-at-linc-energy-trial-site-court/6956638


Your conclusion is bizarre. There are a lot of companies against the wall at present with low demand for coal.

Would be good if companies had to have a slush fund to rehabilitate their operations in the event that the company goes into administration.

I can only come to the conclusion you wilfully ignore the profit incentive of mining companies that, unconscionably, look to screw as much profit as they can out of the ground and put aside little, if any, for reparations. Then, surprise surprise, they go bankrupt and the environment (& workers) are left fucked.
The outcome of unrestrained & unchecked capitalism.


:lol: Oh sweetie you're so naive. What do you expect to happen?

The aim of the game is to get it out of the ground as cheaply and efficiently as possible so people can actually afford to buy the things resources make.

Companies are already made to put up a bond to cover some of the reinstatement costs. Google the Adani Carmichael mine and the associated approval conditions :lol:

Strange that you label me naive when this thread shoves reality in people's faces
Additionally, the title of the thread gets to the heart of the issue


You're naive because you expect things to be different to how they are. We have some of the most stringent mining legislation in the world.

Companies go out of business all the time and staff get screwed. Where is their slush fund?

This thread is about you copying and pasting ABC articles about an industry you clearly do not understand or have unrealistic expectations of.

Yep, let's treat the populace as mushrooms. Libs have already been doing it on 'border security'
It's not unrealistic expectations, it's just you're just too self centred to care. Your response on the Brazilian mining disaster in this thread is Prima facie evidence.
As per sig, right wingers couldn't give a flying fuck about long term consequences, as long as a buck can be made....

Edited by Murdoch Rags Ltd: 23/5/2016 06:37:39 PM


A dam is a complex structure. Too much clay and it softens when saturated and cracks when it's dry. If a dam softens it can move and eventually fail. Too much granular material and it's permeable and you get downstream sloughing, tunnel erosion and long term 'creep'. In this instance at first sight it appears as though they raised capacity which was then filled. The dam also had cracks in previous years which could have been a result of many things. Shear failure of the embankment, drying out of the clay shell of the dam. The technical notes mention a report by others who suggested the construction of a buttress acting as a gravity wall against the 'creep' movement of the dam embankment.

Brazil also has inadequate mining regulations, look them up. Compare theirs to ours. In Australia companies pay companies like mine to provide them geotechnical data to prevent dam failures. We do a lot of Cone Penetrometer tests and Dutch Cone tests to assess the density of the slurry within the dam. It's incredibly difficult to predict settlement of the tailings suspension in a dam in order to be able to calculate with any degree of confidence the density of the material retained in the dam.

The technical notes suggest the mine operator ignored reports about structural defects associated with raising the height of the embankment. However to insinuate this sort of stuff would be allowed to happen on such a large scale in Australia is clutching at straws.

Remember Ricey MKII, these structures are designed by best practice which involves assumptions and human error. How are we to predict the 10 year evaporation rate of a slurry? Remember your scientific method hat. Humans and their assumptions are not ironclad. Be reasonable.
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I find it funny how Rags is so anti - capitalist that the clothes he wears, the food he eats, the car/bike he drives or ride, would not be possible without some form of capitalist intervention / investment .

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SocaWho wrote:
I find it funny how Rags is so anti - capitalist that the clothes he wears, the food he eats, the car/bike he drives or ride, would not be possible without some form of capitalist intervention / investment .

Yep, the externalities of environmental death & destruction 'are all part of doing business'........

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Murdoch Rags Ltd wrote:
SocaWho wrote:
I find it funny how Rags is so anti - capitalist that the clothes he wears, the food he eats, the car/bike he drives or ride, would not be possible without some form of capitalist intervention / investment .

Yep, the externalities of environmental death & destruction 'are all part of doing business'........


Would you like to make comments on my above post or are you just going to ignore things you can't blame on right wingers?
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Murdoch Rags Ltd wrote:
SocaWho wrote:
I find it funny how Rags is so anti - capitalist that the clothes he wears, the food he eats, the car/bike he drives or ride, would not be possible without some form of capitalist intervention / investment .

Yep, the externalities of environmental death & destruction 'are all part of doing business'........

What are you using to communicate on here?...a computer carved from rock😌
Do you grow your own vegetables and hunt your own meat everyday?
Do you pedal a bike everywhere you go?
How do you travel overseas?...do you use a home made canoe ?
And finally if you use money as a means of getting by on any level then you are absolute hypocrite on the grandest scale
Your contempt for anything capitalist reduces your moral vanity to rubble considering any commodity requires money or investment to get it started.
You might do well to go on crowdfunding /kick starter to realise even those renewable projects require money to facilitate it.

But you're too naive since you think an egg can be grown without a hen, so that makes you a complete waste of space

Edited by Socawho: 24/5/2016 03:00:13 PM

Edited by Socawho: 24/5/2016 03:01:26 PM
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BETHFC wrote:
Murdoch Rags Ltd wrote:
SocaWho wrote:
I find it funny how Rags is so anti - capitalist that the clothes he wears, the food he eats, the car/bike he drives or ride, would not be possible without some form of capitalist intervention / investment .

Yep, the externalities of environmental death & destruction 'are all part of doing business'........


Would you like to make comments on my above post or are you just going to ignore things you can't blame on right wingers?

I ignored it because your detailed post is a stonewall red herring to the key issue.
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Murdoch Rags Ltd wrote:
BETHFC wrote:
Murdoch Rags Ltd wrote:
SocaWho wrote:
I find it funny how Rags is so anti - capitalist that the clothes he wears, the food he eats, the car/bike he drives or ride, would not be possible without some form of capitalist intervention / investment .

Yep, the externalities of environmental death & destruction 'are all part of doing business'........


Would you like to make comments on my above post or are you just going to ignore things you can't blame on right wingers?

I ignored it because your detailed post is a stonewall red herring to the key issue.


No it's an assessment of something you don't understand and yet continually try and attack.

I've called you out before for your misunderstanding when it comes to mining practice and you continually either ignore me or deflect.

Unless you want to have a discussion where you engage in the points made rather than ignoring or deflecting I'm done with this propaganda thread.
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SocaWho wrote:
Murdoch Rags Ltd wrote:
SocaWho wrote:
I find it funny how Rags is so anti - capitalist that the clothes he wears, the food he eats, the car/bike he drives or ride, would not be possible without some form of capitalist intervention / investment .

Yep, the externalities of environmental death & destruction 'are all part of doing business'........

What are you using to communicate on here?...a computer carved from rock😌
Do you grow your own vegetables and hunt your own meat everyday?
Do you pedal a bike everywhere you go?
How do you travel overseas?...do you use a home made canoe ?
And finally if you use money as a means of getting by on any level then you are absolute hypocrite on the grandest scale
Your contempt for anything capitalist reduces your moral vanity to rubble considering any commodity requires money or investment to get it started.
You might do well to go on crowdfunding /kick starter to realise even those renewable projects require money to facilitate it.

But you're too naive since you think an egg can be grown without a hen, so that makes you a complete waste of space


Crikey, hard to argue with such logic.....

Shouldn't you have added "if you are serious about global warming, you should also stop breathing as you are expelling carbon dioxide"































FFS
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BETHFC wrote:
Murdoch Rags Ltd wrote:
BETHFC wrote:
Murdoch Rags Ltd wrote:
SocaWho wrote:
I find it funny how Rags is so anti - capitalist that the clothes he wears, the food he eats, the car/bike he drives or ride, would not be possible without some form of capitalist intervention / investment .

Yep, the externalities of environmental death & destruction 'are all part of doing business'........


Would you like to make comments on my above post or are you just going to ignore things you can't blame on right wingers?

I ignored it because your detailed post is a stonewall red herring to the key issue.


No it's an assessment of something you don't understand and yet continually try and attack.

I've called you out before for your misunderstanding when it comes to mining practice and you continually either ignore me or deflect.

Unless you want to have a discussion where you engage in the points made rather than ignoring or deflecting I'm done with this propaganda thread.


This! On every subject that Murdoch has an opinion on but no actual knowledge, which is just about everything.
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vanlassen wrote:
BETHFC wrote:
Murdoch Rags Ltd wrote:
BETHFC wrote:
Murdoch Rags Ltd wrote:
SocaWho wrote:
I find it funny how Rags is so anti - capitalist that the clothes he wears, the food he eats, the car/bike he drives or ride, would not be possible without some form of capitalist intervention / investment .

Yep, the externalities of environmental death & destruction 'are all part of doing business'........


Would you like to make comments on my above post or are you just going to ignore things you can't blame on right wingers?

I ignored it because your detailed post is a stonewall red herring to the key issue.


No it's an assessment of something you don't understand and yet continually try and attack.

I've called you out before for your misunderstanding when it comes to mining practice and you continually either ignore me or deflect.

Unless you want to have a discussion where you engage in the points made rather than ignoring or deflecting I'm done with this propaganda thread.


This! On every subject that Murdoch has an opinion on but no actual knowledge, which is just about everything.


His mistake in this thread was bringing up things that directly relate to my job.

If you want to sprout propaganda, make sure you know more than everyone else right? :lol:
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Oh, do you work in mining BETHFC? First time I'm hearing it.
BETHFC
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notorganic wrote:
Oh, do you work in mining BETHFC? First time I'm hearing it.


I've been whinging about anti-mining sentiment since you and AfromanGT used to go off at each other mate.

I do a bit of work with mining but a hell of a lot more with Dams.

Geotechnical engineering crosses mining/commercial. We just drill holes and crack rocks ;)

Edited by bethfc: 24/5/2016 06:15:11 PM
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Murdoch Rags Ltd wrote:
SocaWho wrote:
Murdoch Rags Ltd wrote:
SocaWho wrote:
I find it funny how Rags is so anti - capitalist that the clothes he wears, the food he eats, the car/bike he drives or ride, would not be possible without some form of capitalist intervention / investment .

Yep, the externalities of environmental death & destruction 'are all part of doing business'........

What are you using to communicate on here?...a computer carved from rock😌
Do you grow your own vegetables and hunt your own meat everyday?
Do you pedal a bike everywhere you go?
How do you travel overseas?...do you use a home made canoe ?
And finally if you use money as a means of getting by on any level then you are absolute hypocrite on the grandest scale
Your contempt for anything capitalist reduces your moral vanity to rubble considering any commodity requires money or investment to get it started.
You might do well to go on crowdfunding /kick starter to realise even those renewable projects require money to facilitate it.

But you're too naive since you think an egg can be grown without a hen, so that makes you a complete waste of space


Crikey, hard to argue with such logic.....

Shouldn't you have added "if you are serious about global warming, you should also stop breathing as you are expelling carbon dioxide"































FFS

Using global warming is a sad example.:lol:
Maybe you should stop taking medication when you get sick...since its produced by a corporation
Except ..you prolly feel more strongly about Co2 emissions than I do...so stop breathing .
We plant more trees...that produce more oxygen
Taxes don't reduce co2 emmisions.

Think about it..

Edited by Socawho: 24/5/2016 07:00:55 PM

Edited by Socawho: 24/5/2016 08:59:25 PM
GO


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