FACTCHECK: “Just to get the regulatory approvals [to start a mine] takes more than three years. Six years ago it took less than 12 months… Australian investors are fleeing this country to invest in more stable countries like Mongolia and Angola.” – Opposition leader Tony Abbott, address to the federal campaign rally in Melbourne, 29 June. Verdict Based on the information provided and other available information, the opposition leader’s statements are incorrect. John QuigginProfessor, School of Economics at University of Queensland .(Author). Finally, the author is correct to refer to data from the Australian Bureau of Statistics regarding mining investments. This data goes against the notion of investors “fleeing” to Mongolia or Angola and reveals a significant increase in mining investment, particularly in the natural gas industry. – Samantha Hepburn Associate Professor, School of Law at Deakin University
Posted on: Sat, 13 Jul 2013 04:33:03 +0000
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