should we sell our uranium to china

Yep, but I don’t think we have a choice. We have no manufacturing industry anymore. If it wasn’t for mining, this country would be a banana republic. Thank god for our mineral wealth. Mining is now providing well over 50% of our export income. It will increase even further.

Watch what happens to New Zealand in the next few years. It’s a little mini me Aussie economy but without much mineral wealth. NZ’s current account deficit is already racing away. Not much coal, iron ore, metals etc. It won’t be pretty.

Besides, nuclear energy will reduce green house gases. Good for the enviroment. New technology today like pebble bed reactors means it no big safety threat.

Good luck.

DLPP says,.

“So I don’t see how that will help our BOP situation – the banana republic situation you talk about will not go away and just got worse.

Ie the smart nation once again exports raw materials and buys it back as dvd’s and highly processed textiles and value added products. eg we become a price taker rather than price maker.”

You sound a little mixed up there. Of course it will help out BOP situation. Media reports today are saying it could be worth 30 billion over the long term to BHP alone.

As for exporting raw materials, well as I said, we have no choice. We have to find something that we can trade competitively. Currently, all we have left is agriculture, which has been slipping percentage wise for years, and mining, which thankfully has taken over from the manufacturing.

I have seen DVD players on the shelves in boxes for sale for $50! That is increadable! Why would we want to build the things anyway. If someone was silly enough to set up a factory in Australia to make DVD players, I doubt you could make them for less than a thousand dollars. What are the Chinese getting for these $50 DVD players? They still have to be shipped out here! Let them have the business. They must be mad! You would be lucky to make the box here for $50.

There was a great story on Business Sunday about the Aussie guy who started the GMC company. They make electrical tools and other stuff. I always thought it was a Chinese company, but it’s Aussie owned, but the stuff is manufactured over there. At least some profit gets back here.

We export the raw materials for market price. We pay to get it back as consumer goods from China and elsewhere. It is no ones fault that this has happened. It is just how things work now.

I feel sorry for other western nations who just through bad luck have limited resources to trade with Asia. I wonder how they will cope in the years ahead. Will be interesting.

Cheers. Bob.

hi guys
couple of things we do sell to china and lots of it is
1.knowledge on how to build things including there buildings and architecture lots of it is done here and
2. investment there is lots of chinese and asian investment in australia in real estate we may not like it but its here and they have bigger pockets they most.
as for the post shpuld we sell uranium my answer is no we should push for geotech thermal technowlogy which is where they drill two hole or multi holes pour wat down one and high temp super heated stem come out the other and that is tapped to a turbine the cost to setup is the same as coal but run cost are about 5% to coal or uranium and no effect on the enviroment this is alot better then any usable fuels the first turbine will be running before the end of the year

here to help
If you want to get involved in some of the projects I’m involved in email to [email protected]

Interesting comments…
Imagine…bamboo reactors.

A lot of the demand within China for power and manufactured goods is for domestic consumption.
Some of the numbers quoted for their planned electricity needs are truly staggering.
They are an emerging economy and very class conscious. Consumerism is the best way to display this.

As for having your cake and eating it too ?? you can…as long as its not yellowcake..

kp