Governments only sell you the right to mine the resource.
A resource we hold in trust for a sovereign people.
They own it and they deserve their share.
I wonder who the PMs legal advisor is?
The Queensland Minerals Resources Act states:
All minerals lawfully mined under the authority of a mining lease cease to be the property of the Crown or person who had property therein and become the property of the holder of the mining lease subject however to the rights to royalty payments under this Act of the Crown or any other person.
The New South Wales Mining Act states:
For the purposes of this or any other Act or law, it is declared that any mineral that is lawfully mined becomes the property of the person by or on behalf of whom it is mined at the time the material from which it is recovered is severed from the land from which it is mined.
The Western Australian Mining Act states:
Subject to this Act and to any conditions to which the mining lease is subject, the lessee of a mining lease … owns all minerals lawfully mined from the land under the mining lease.
This is a huge mistake – Gillard and/or her advisors didn’t bother to check the actual legal regime operating in Australia.