Tag Archives: Rio Tinto

January 21, 2026 · 17:34

The Australian play

That is what I am seeing and it comes from Discovery Alert. We are given (at https://discoveryalert.com.au/gina-rinehart-saudi-arabia-exploration-2026/) we are given ‘Gina Rinehart Saudi Arabia Gold Exploration Joint Venture Unveiled’ and as I see it, it is good news for Australia. You see, she is as big as they come. By some estimates she is worth billions and she is listed as one of the 100 most powerful women. (They say that is nice). What is said is that she makes Rio Tinto look like the local grocery shop. I cannot say how that plays out because mining is not my cup of tea (neither is tea for that matter). What does matter that she can forward Australian mining interests and get the Australians to do that work. The article gives us “The global mining industry stands at a critical inflection point where traditional resource-rich nations face increasing pressure to diversify both geographically and strategically. Furthermore, the Gina Rinehart Saudi Arabia exploration play exemplifies how established operators navigate emerging markets that present compelling opportunities for companies willing to tackle complex regulatory landscapes and geopolitical considerations.” So whilst President Trump is making some play for Greenland, the short and sweet of it, that any mining operation will lack staff member (those who can operate a pick).

For the IT people really grasping in the dark on the subject, the image of such a device is shown above. It slightly resembles what you see in Minecraft. And when you consider how Saudi Arabia is diversifying, the quote “Saudi Arabia’s transformation into a major mining destination represents more than economic diversification. The Kingdom’s systematic approach to mineral exploration significance through Vision 2030 creates unprecedented opportunities for international partnerships, particularly with operators possessing proven track records in large-scale project delivery.” As I see it, the Australian Ambassador to Saudi Arabia (most likely in Riyadh) will be dancing in his office because Australia is likely to set the table with a large place setting for Australia. As such there is reason (for Australians) to be joyful. In a time where we are all hindered by American politics and the setting that we see through bully tactics is one that is all about America, but here Australia has the advantage. So whilst we are setting the stage through “The convergence of several macroeconomic forces creates compelling incentives for Australian mining companies to expand into Middle Eastern markets. Saudi Arabia’s mineral endowment remains largely untapped, with geological surveys indicating substantial gold, copper, zinc, and rare earth deposits across the Arabian Shield formation. Vision 2030’s economic diversification mandate allocates significant capital toward mining infrastructure development. Consequently, this creates favourable conditions for international operators. The Kingdom’s commitment to reducing oil dependency drives aggressive timelines for mineral exploration and production.” I would like to ‘translate’ this into In Saudi Arabia, when looking for the settings of Gold and Copper (other minerals too), Australia is the one party to talk to and as I see it, Gina Rinehart made that happen. No American required. Come to think if it, what drove these Americans away from such an opportunity? I get that Mrs Rinehart is in her ‘element’ but there are plenty of others who are that too. Is American (lack of) diplomacy now starting to annoy too many people? I actually don’t know and as my ‘geology’ lessons are basically limited to Minecraft, I have no idea how the moves of Mrs. Rinehart were. So in a time where everyone seems to be digging for rare earths, Australia is making its marker in Saudi Arabia. So we (read: Australians) have plenty to be happy about.

And whilst the article also gives us:

Proximity to major consumer markets in Europe, Asia, and Africa
Government-backed infrastructure investment reducing project capital requirements
Competitive licensing frameworks offering exploration rights across large territorial blocks
Strategic partnerships with state enterprises providing regulatory stability
Technology transfer incentives aligning with long-term market positioning

As such there are plenty of reasons to be happy in these trying days and whilst people lacking geology knowledge (including me) do not see the advantage of:

What Makes the Nabita Ad-Duwayhi Gold Belt Commercially Attractive?

“The Arabian Shield represents one of Earth’s oldest continental formations, containing Archean and Proterozoic geological structures with documented gold mineralisation.
The Nabita Ad-Duwayhi Gold Belt specifically exhibits structural controls consistent with world-class orogenic gold deposits.”

And as I see it, the message to America becomes “You snooze, you lose” which is something that Mrs. Rinehart wasn’t doing as she is now involved in the Joint Venture with Saudi Arabia.

You know it feels good to write positive things, things I had no control or influence over. I am just a happy writer making you aware that (as I personally see it) Mrs. Rinehart will be needing a lot of miners in the near future.

So you all have a great day and it is almost time to make myself a plate with pasta, as much I am shutting down for the evening.

Age of BS (Bill Sightseer)

That is the setting I was confronted with last night. We have all seen the US downturn in tourism and there is a certain justice in souring your own milk. This is what we saw in the last two weeks and last night the Independent gives us (at https://www.independent.co.uk/news/world/americas/us-politics/us-tourism-decline-trump-policies-b2782820.html) the repeating ‘US is the only country facing tourism decline as Trump policies to cost $29 billion in visitor revenue: study’ and for the most I was all about “seen this before” so I was about to leave it next to me, but then something happened. Travel and Tour World gave me (at https://www.travelandtourworld.com/news/article/united-states-tourism-soars-to-new-heights-with-20-million-canadian-tourists-contributing-a-staggering-20-5-billion-and-fueling-job-growth-across-140000-american-positions/) ‘United States Tourism Soars To New Heights With 20 Million Canadian Tourists, Contributing A Staggering $20.5 Billion And Fueling Job Growth Across 140,000 American Positions’ are the flipping kidding me? As we have been given from a multitude of places “Amid the president’s immigration crackdown, travel bans and sweeping global tariffs, the U.S. is expected to be the only one out of 184 countries to see foreign visitor spending fall in 2025, according to the World Travel and Tourism Council. The study suggests that the U.S. economy is on track to lose $12.5 billion in international spending this year alone – but the actual shortfall might be much greater.” (Independent, July 4th) and it matches what others have given me. But no, here comes the Travel and Tour World article giving us “A remarkable 20 million Canadian tourists visited the United States, contributing a massive $20.5 billion to the U.S.economy, while also sustaining around 140,000 jobs across the United States, as reported by the U.S.Travel Association. These figures highlight the essential role Canada plays in U.S. tourism, making it the largest source of international visitors for the country. With Canada’s population of about 40 million, this represents a significant proportion—half of all Canadians visited the U.S. last year. In fact, Canada accounted for 26% of all international tourists to the U.S., which saw a total of 77 million visitors in 2024.” And CBC on July 3rd gave us “The data shows there were 88,686 fewer recorded crossings at the Peach Arch, Pacific Highway, Lynden and Sumas points of entry throughout the month.” As such (apart from the confirming feeling), it seems that (as I personally see it) the U.S.Travel Association are beefing up numbers by the millions and no one reacts? How is this setting acceptable to anyone? As I see it, America might be in deeper waters than anyone thinks they are. It seems that Wall Street needs to be mismanaged so that they will give America the credits they desperately need. Apart from The deal that Canada now has with Aluminum provider Australia in stead of America, the setting is far worse then anyone is considering. The TTW article has a few other capers that makes for a weird setting “While Canada did not actively seek to “steal” American tourists, certain Canadian destinations are benefiting from a surge in European visitors. In fact, a recent study from Context Research Group highlights that Canada is experiencing an unexpected tourism boom, driven largely by European high-spenders who were previously considering U.S. destinations for their vacations. As the U.S. tourism sector struggles with internal challenges, Canada seems to be emerging as a viable and attractive alternative.” It is the word ‘steal’, you see, after the Florida setting where people seems to feel insecure and unsafe and there is the US customs setting where people are seemingly evicted by a owning a mere meme and then there are the numerous events that customs is scanning your social media, the land of the free now seemingly takes away free speech. I don’t care about the meme’s some other people send. I find it a waste of my time and as such any second hand meme might actually debunk the only vacation you can afford. That is a principle setting why people go somewhere else. And the internet is bustling with numbers of places that have a massive downturn, as such the TTW article isn’t even funny or actual in several settings. And as we have seen the amount of the 51st state mentions, the Canadians seemingly like Americans, their blood in particular. See what I did, I made an actual funny (TTW please take notice) The article has other things missing, the first quote didn’t give a timeline, whist other mentions do give a timeline, but these moments can be misread. So who is behind this? The TTW article doesn’t carry a name, neither does it state opinion piece, which might not be a setting that has weight as the TTW is not journalism, but in the B2B world the writer is often indicative of how serious you need to take an article. The Independent piece was written by James Liddell, a US News reporter and giving us (a little late) the facts we already had. The CBC article gives us the charts that show that as per February 2025 the numbers going to America started going down with 40K less visitors, in March the drop was over 80K and going on and on until June where it was a little over 80K as well, and this is merely the BC/Washington crossing. So where did they find these 20 million Canadian tourists? Did the TTW not vet the files they publish? Because as I see it, it is their name that comes up.

Was it just the one?
So we can fret over this, but there was another reason to mention this. You see, I mentioned the Aluminum setting and as it was given to me yesterday, Canada is now in conversation with Rio Tinto as a new supplier of Aluminum, which might delight Coca Cola and a few others who are ‘diverting’ to Canada to avoid tariffs and other bad news towards their shareholders. The larger news was given to me by MSN (at https://www.msn.com/en-us/news/world/china-extends-visa-free-entry-to-more-than-70-countries-to-draw-tourists/ar-AA1I9PTl) there we see ‘China extends visa-free entry to more than 70 countries to draw tourists’, I have no idea what the impact will be, but there will be thoughts on many being interested in seeing Beijing and a few other places. The fact that China has its own theme parks, Disney has two in China, one in Shanghai and one in Hong Kong. As I see it, this might be massively bad news for America as well. I have no idea what the impact will be, but 70 countries imply a loss of thousands of tourists in a time America cannot have any more bad news. And the one thing we tend to forget, most people (as assumed 90%+) can only spend their money once and thousands going to China means that they cannot spend that money in America, more importantly, many Europeans are trying to find a place far away from America (optionally Canada too) and now China makes this move. A tactical move that could hurt America a few points more. And as I see it (through the graphics) the move will hit many in Europe, Asia, Latin America and the Middle East. And I think it matters, it is the Commonwealth nations, the Arabian countries and Europe that will wield the largest punch for China. So what the TTW article to dissuade people from going to China? I think that might have been a bad move as it only shows America to be more desperate than even before. And with the Rio Tinto move Canada is showing itself more than apt to counter whatever America throws at them, I reckon that yesterday’s threat on 10% addition for BRIC’s minded governments and as a bonus President Trump soured the well in both Saudi Arabia and the UAE, what a 24 hour score to make.

As I see it, I wouldn’t take the entire TTW article too seriously, but as a part in a larger setting it gives us (optionally wrong) that there is a larger setting in America, the cracks are seemingly showing and that presents a larger setting for multiple players, all stating the same thing. Doing business in America is starting to become a folly for anyone entertaining that thought. A setting that is merely the consequence of the last 12 months. For America a bad thing, for the business entrepreneurs a new horizon they haven’t see for a long time and what is new tends to be sexy and explorable for the eager greed driven minds.

Have a great day today.

1 Comment

Filed under Finance, Media, Politics, Tourism

Tagged as Beijing, BRIC, Canada, CBC, Coca Cola, Commonwealth, Disney, Florida, Hong Kong, Independent, James Liddell, MSN, politics, Rio Tinto, Saudi Arabia, Shanghai, Tavel and Tour World, Tourism, travel, Trump, TTW, UAE

June 21, 2015 · 10:57

Pointing where?

An interesting article is hitting the Guardian, the title ‘Child poverty rise across Britain ‘halts progress made since 1990s’‘ (at http://www.theguardian.com/society/2015/jun/20/child-poverty-rise-uk-halts-progress-charities-claim) is hitting out at choices made, and let us be frank here, we have to point at certain actions and certain choices, but are we pointing at the right one?

In this both Labour and Conservatives are at fault. My own party of choice has made choices (bad ones) in the past, yet is the bedroom tax and are the benefit cuts truly the reason? They might (they do) have an impact, but are they the factors that are central in all this?

The quote “Child poverty is on course for the biggest rise in a generation, reversing years of progress that began in the late 1990s, leading charities and independent experts claimed on Saturday” is important. you see, at minus one and a half trillion cuts need to be made, in all this we need to see that unless the Commonwealth take responsibility in getting a budget, we are all doomed, the children aren’t even the first one to feel this. Both sides of the political isle have squandered their duties to a larger extent. Now, even though the conservatives are working on fixing this, we cannot ignore that certain damage was done under leadership of The Right Honourable Sir John Major. You see, the budget is set on two parts. What is spend and what is received.

It is the ‘what is received’ that is now a global issue. As individual governments were so eager to see industries grow, they decided to give tax breaks as an incentive. It did work, but guess what, it lowered the maximum received coins, which at that point was not a biggie. Now, we have created a different behemoth, as globalisation started stronger in 2002 onwards, no one (me blaming BOTH sides here) was looking at the cookie jar and wondering how continuation of feeding the future would be ensured (or is that insured?). No, many politician went by ‘if it ain’t broke, don’t fix it‘, which gave us a different scenario after 2004. When the banking crises hit, it hit every shore on a global scale. So large corporations decided to maximise their ‘interests’, which I see was divided between shareholders and personal commissions, many combined, merged and used every tax break possible to avoid taxation. Now consider in an age of industry that the largest player (the industry) does not get to be held accountable for the needs of governing. They want their politicians in their pockets, their bonus in the other pocket and protection without invoice. They pulled it off because the parties on both sides did not correctly adjust legislation the way it had to be. Now, 11 years later, much of this legislation is still missing. The corporations see the sustenance of government not their responsibility, it is for the people, let them pay! They might not say it, but they will think it loudly!

So we have created a sea of chaos, and as the larger players avoid taxation, the people will end up with less. Now we get the quote “Ministers were remaining tight-lipped about the release on Thursday of the Ministers were remaining tight-lipped about the release on Thursday of the Households below Average Income statistics. Any increase in the number of children in poverty since 2013 would be an embarrassment. Child poverty fell from 3.4 million in 1998-99 to 2.3 million in 2010-11 – a reduction unparalleled in other wealthy nations over the same period – after the last Labour government promised to eradicate it by 2020. Any increase in the number of children in poverty since 2013 would be an embarrassment. Child poverty fell from 3.4 million in 1998-99 to 2.3 million in 2010-11 – a reduction unparalleled in other wealthy nations over the same period – after the last Labour government promised to eradicate it by 2020“, here is the second reason why Ed Miliband had no chance of winning, moreover, it shows a little more than that. The entire promise of child poverty eradication was never realistic to begin with. You see, by 2007 that given goal was no longer possible under both the economic meltdown as well as the tax evasion numbers, so did either Tony Blair or Gordon Brown inform the people that child poverty was there to stay? I have a hunch that this was not done. You see, ‘Households below Average Income statistics‘ is depending on income and cost of living. Income is still down due to past events, yet cost of living is going up and is going up slightly faster than wage corrections can provide for at present. So as we see these dwindling statistics, there should not be the wondering of how it is happening, we need to look at the way to deal with it. Lowering taxation is not a solution, it must be replaced by other means of taxation, which means that corporations need to pay their fair share, a part still not addressed. By the way, that part is also not addressed in Australia, as we see in the Australian Financial Review, the quote “The Business Council of Australia, comprised of the chief executives of big companies, cautioned the government that “global tax issues require global solutions”“, that the Business council of Australia is working for Global Companies, not for the Australian government. You only need to look at their board to see that they have the Managing Director of Rio Tinto Australia, the Chief Executive Officer & Managing Director of Qantas, the Chief Executive Officer & Managing Director of the Westpac Group, the Managing Director of Origin Energy Limited and a few more, all people very intent on paying as little taxation as possible, for the need of their shareholders and their personal bonuses. Guess, what, the Australian Financial Review does not really state that part, does it? No, they state “The Law Council of Australia has told the government not to enact the laws as they are currently drafted“, which might be a valid part, but valid to what extent? You see, last year I already stated part of the solution, make all purchases taxable at the location of the consumer buying it, or better the point of delivery. You see, the person buying the iTunes track, that video game, those bracelets or that suitcase is buying an item online, instead of in the shop. There might be valid reasons for why it was done, but it affects that nations GDP, so, as such, GST and other taxable parts should be paid there, not in Ireland or another low taxing nation. So, we do not begrudge the sale to be online, but on the same foot, just as a storekeeper pays its fair share of local taxation (read GST and such) the online store should do the same, it is just fair trade).

In all these years, those super clever members of the Law Council of Australia did not come up with this solution? If they did, why did the government not enact it? This directly reflects back to the UK. As taxation is now so unbalanced, the government is forced to scrap things.

No one is happy, everyone complains, but are they complaining in the right direction?

So as we see this article on child poverty, we also see the new Labour run “Yvette Cooper, who has put the fight against child poverty at the heart of her Labour leadership campaign, said the government’s record was a “damning indictment” of its approach and meant many children were being denied the start in life they deserved. “Their policies have delivered the biggest increase in child poverty in a generation and they have abandoned any pretence of even moving towards the target they promised to meet [to all but eradicate it by 2020].”“, no Yvette, this is not about ‘their’ policies, it is about your lack of realism, you should unite with the Tories to find the taxation that halts corporate greed and hold them to account for the protection they receive, the responsibilities that they should face, when that is correctly done, and as the coffers fill up again (move towards less or no debt), that you will see as a result that child poverty goes down again, yet as you ‘advocate’ your ego, realise that eradicating child poverty by 2020 was never realistic, getting it down by a lot is. By the way, whatever promise Yvette Cooper, or any other runner for the Labour Boss chair makes, make sure you realise that the pounding hammer of ‘interest payments’ is stopping many restorations in social projects, cutting and diminishing the debt is a first need, so as you contemplate that the next government should be labour, then also realise that they will spend it all again, they will do a ‘Gordon Brown’ on the treasury coffers! Now you, the reader, consider what is happening in Greece, when that hits the UK shores, it will be a massively larger and poverty will not be the nightmare. It will be that 23:00 news where they found a baby that starved to death, only because certain politicians had to feed their ego instead of realistic common sense. So where are we pointing? I want to point at a solution, which means properly fixing legislation, properly adjusting sentencing and fines. When you consider that some at the banks are still laughing at the 1.5 billion fine for Libor, than wonder how much they made. When the fine is 15 billion, they will wake up and stop feeding greed!

Oh, and before you think I have it simple, these cutbacks are hurting me a lot too, yet I realise that our future will depend on us not being in debt to the levels we are in now.

Tag Archives: Rio Tinto

The Australian play

Age of BS (Bill Sightseer)

Pointing where?

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