The New South Wales ICAC has come up with a radical new model for the allocation on mineral exploration licenses that could kill off exploration by small...
John Robertson
PortfolioDirect
The New South Wales ICAC has come up with a radical new model for the allocation on mineral exploration licenses that could kill off exploration by small companies in the state. Discretion would be stripped from the Minister, for a start. Approvals would have to go to the cabinet but even the most senior ministers would lack the freedom to buck a recommendation from public servants. Companies would have to demonstrate clearly that they had the technical skills and financial resources to get the job done before they got a license. Some social and environmental issues would have to be decided before an exploration license was granted - not when a mining application was made. The financial holding costs to a company would escalate dramatically over time to force companies to act speedily limiting their flexibility to react to cyclical conditions.
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John Robertson is Chief Investment Strategist for PortfolioDirect a provider of resource sector investment stock ratings and portfolio strategies for mining and oil and gas investors. He has worked as a policy economist, corporate business strategist and investment market professional for over 30 years after starting his career as a Commonwealth Treasury economist in Canberra. Since being Australia's top-rated commodities analyst and chief economist at one of Australia' leading stockbroking firms, he has advised companies across the mining, consumer products, IT and biotech sectors on their equity market relations. He leads the firm's investment evaluation and security structuring activities on behalf of the Australian Small Scale Offerings Board (ASSOB), the world's first equity 'crowdfunding' investment platform. John Robertson discusses the interaction of mining and investment markets in his weekly 'From the Capital' column in Mining Journal.
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John Robertson
PortfolioDirect
John Robertson is Chief Investment Strategist for PortfolioDirect a provider of resource sector investment stock ratings and portfolio strategies for mining and oil and gas investors. He has worked as a policy economist, corporate business...
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No areas of expertise
John Robertson
PortfolioDirect
John Robertson is Chief Investment Strategist for PortfolioDirect a provider of resource sector investment stock ratings and portfolio strategies for mining and oil and gas investors. He has worked as a policy economist, corporate business...
Expertise
No areas of expertise
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