The 2008 Hunter Valley mine tender which netted the Obeids $100 million is a case study in poor government.
What I am finding puzzling about this is that it seems to have been known (exactly how widely seems to be one of the points at issue) that there would be an enormous windfall available to landowners as a result of a Government decision, before that decision was announced (and even made) – so why did the Government not act to ensure that most of that windfall would go to the Government, rather than to landowners? In one sense, the public loses no more from the windfall going to the Obeids than it would if the windfall went to Joe Blow (although it loses a great deal compared to the money going to the taxpayer).
This case does not seem to relate to a situation in which there is uncertainty as to whether there is any commercially exploitable mineral deposit to be found, and any exploration company could well spend a great deal of money and yet find nothing of value. Allegations of corruption aside, I cannot understand the rationale for the process. Is this the normal procedure?