Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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The primary risks today involve overheating, asset price inflation and subsequent financial excessive leverage and subsequent financial instability.
— Larry Summers, former US Treasury secretary
Mr Summers warned that the notion of an equal balance between inflationary and deflationary risks, and between financial bubbles and credit problems was “very far off of an accurate reading of the economy right now”
...
the gnome
Hi Mr Gnome,
Not so good for "Borisland" good for Oz though!
It has been a gloomy week on the sunlit uplands of sovereign Britain as our willingness to roll over for a trade deal with Australia confirms that the government does not give a XXXX about its own farmers.
Despite complaints from that flaming galah George Eustice, trade secretary Liz ‘one stubbie short of a six-pack’ Truss is ready to complete an agreement with the Aussies that will phase out tariffs on beef and lamb exports over 15 years.
This will leave UK farms at risk of being undercut by Australia’s huge cattle and sheep stations, where concerns about standards and welfare and all that guff come second to sheer scale. It's the "call that a knife?" scene in Crocodile Dundee all over again, but with added hormone injections.
All this is a particular embarrassment for environment secretary Eustice, whose face appeared on a Vote Leave leaflet during the referendum, headlined ‘Farmers will be better off if we leave the EU’. To give him his due, he might have meant Australian farmers.
They are understandably jubilant, with the Australian Agriculture Company chief executive Hugh Killen predicting their beef exports “could even increase tenfold”. That would be disastrous for the Scottish beef industry (and may in turn prove disastrous for Boris Johnson if disgruntled Scots ever get to vote again on independence).
But for drongo Truss, eager to pile up the deals even if they come at the expense of British business, it's no biggie. Having recently told Andrew Marr she was unconcerned that the benefits of her agreement were five times bigger for the Aussies than for us, she has proclaimed the deal a “win, win, win”, claiming, “British farmers have absolutely nothing to fear from this deal at all.”
That fearlessness doesn’t seem to be shared by the farmers themselves, with National Farmers Union president Minette Batters saying the deal “will jeopardise our own farming industry and will cause the demise of many, many beef and sheep farms throughout the UK.” Neil Shand of the UK’s National Beef Association called it “scary”, while Phil Stocker, from the National Sheep Association said: “If the deal goes as reported it would really show our ministers' true colours.”
Not so much win, win, win then as grim, grim, grim - particularly as Truss intends to use this deal as a basis for others with the likes of America, Brazil and the Trans-Pacific Partnership, flooding Britain with cheaper foreign imports and threatening other protected industries.
The farmers, meanwhile, join the fishermen and the Northern Ireland unionists in the growing camp of Brexit-voting blocs sold out by the Brexit government. For the 58% of farmers who voted Leave in the referendum, it is a particularly bitter case of reaping what you sow.
Mr Tibbles from my experience of British farmers they are always claiming hardship.
Always were first in line for hand outs and are never content.
They can sell to the up market on better quality, but will never cut their prices.
Like the butchers and their dogs you never see a starving one.
Sorry off topic ,folks.
But farmers always vote Conservative and always will.
'Farmers always plead poverty, but I've yet to meet a poor one.'
H.E. Bates - The Darling Buds of May.
Sounds about right.
I never watched the program though.
Red Sparrow & Mr Bond your are both right about so many farmers, those that always vote Tory because they regard themselves as the "Landed Gentry", who know what's best for the land and us!
They may not get their subsidies from Brussels anymore, but Boris & Gove will see that them all right!
Couple of years ago two farmers who use the local got caught, not for the first time when they were dipped using red diesel/wheat drier fuel in their Range Rovers, they both got off with paying an instant fine/estimate of lost excise which amounted to about to about £240-£260.
One of them blamed a Rumanian farm worker for filling the Range Rover up from the wrong tank, unfortunately the lad had since gone back home!
Probably won't be the last time this mistake occurs.
Having said that their are some very decent smaller scale farmers who are changing back to more traditional environmentally friendly and healthy farming methods,they work very hard and genuinely care about the countryside and their livestock,so it would be unfair to regard farmers as all being the same, good and bad as in all walks of life!
Oh sorry off topic!
Hello Mr Tibbles
I was really only quoting that famous phrase from HE Bates - I think from the book 'When the Green Woods Laugh'.
Of course, he wrote those books in the 1950s - things were a bit different then.
I try to keep out of the way of farmers in general - they have shotguns!
Hi Red Sparrow,
Yes I enjoyed "The Darling Buds of May" TV Series, H.E Bates was from this area , he left a legacy which sponsored an annual short story competition.
You may be aware though?
Mr Tibbles
He is one of my favourite authors. Actually, I bought 'The Jacaranda Tree' in London this week, which surprised me since his books aren't readily available on the shelf (except the Buds of May series).
He stuck to the traditional 'long sentence' view of prose - unlike Orwell and Greene who advocated short sentences, which predominate today.
'The Happy Countryman' and 'In the Heart of the Country' are so beautifully written - they'll calm you down after you've read about the latest antics of our beloved leaders. Something tells me you'll like reading about the countryside.
There you go, you've led me astray again.