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Speaker 1: What's what's down work for the major calls and how

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Speaker 1: will it affect the economy? The big business questions on

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Speaker 1: the Business Hour with an Edward Dickins. News talks have been.

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Speaker 2: Well, that was good timing. Welcome back, loving to have

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Speaker 2: you here. The first set is over Australian Open. It's

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Speaker 2: taken its what an hour and fifteen minutes and they're

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Speaker 2: hagging like it's the end of the game. What's happening here?

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Speaker 2: What's happening here? As is Djokovic quitting? Okay, so SEVEREV

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Speaker 2: just took out the tie break seventy five and then

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Speaker 2: they're just embraced and Djokovic is actually packing up his

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Speaker 2: bags and it appears as though he has forfeited and

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Speaker 2: retired from the game. While I was talking, while I

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Speaker 2: was watching, Saverev looked shocked. Saverev shocked as well, You sir,

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Speaker 2: are finally in the final of a major. Congratulations. But

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Speaker 2: we'll find out more about what actually happened to Novak

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Speaker 2: but later on. It's been a hell of a set.

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Speaker 2: It wasn't as though he was physically struggling, but he's

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Speaker 2: waving goodbye to the Australian Open crowd as we speak,

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Speaker 2: and walking off after one set, which he lost by

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Speaker 2: a millimeter. What a great player, Novak Djokovic. Okay, So

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Speaker 2: welcome back to the program. Such excitement news as it breaks.

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Speaker 2: It is eight minutes after six and Imandrew dickets. So

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Speaker 2: the mining sector is welcoming a push for mining to

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Speaker 2: play a bigger role in the country's economic growth. Resource

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Speaker 2: Minister Shane Jones has hinted it changes to where we

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Speaker 2: can mine, saying we can expect a major announcement next week.

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Speaker 3: We need to get over ourselves because if we want

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Speaker 3: the surplus income and the revenue, we should identify which

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Speaker 3: areas are really precious to the birthright of quis and

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Speaker 3: which areas can be used for economic purposes, including mine.

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Speaker 2: He mentioned stewardship I mentioned before the news what is

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Speaker 2: stewardship land? Is it conservation land? And Texas have said

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Speaker 2: stewardship land is the land a region has gifted to DOC.

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Speaker 2: So essentially it's private ratepayers land that is in transition

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Speaker 2: and is being under the stewardship of public entities. But

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Speaker 2: he's saying we should do this, but we'll know more

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Speaker 2: next week. Josey Vidal is the chief executive officer of

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Speaker 2: Straterra now that is the association representing the mining sector.

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Speaker 2: And welcome to the program, Josie.

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Speaker 4: Thank you very much. I'm a little bit thrown by

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Speaker 4: what you just said about Jocobit so because I'm a

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Speaker 4: big fan.

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Speaker 2: Aren't we all. He's the goat. He's the goat, and

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Speaker 2: there was no clue and something that happened. Look, you

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Speaker 2: must be pretty happy, not at what happened in Novak,

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Speaker 2: but what has happened since Christopher luxon State of the

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Speaker 2: Nation speech and what Shane was saying this morning.

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Speaker 4: Yeah, and Minister Shane Jones has been a real champion

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Speaker 4: for the industry. You know, he gets it, he under

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Speaker 4: stands it, and he's listened to us, which is good

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Speaker 4: to have. And the Prime Minister is a businessman and

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Speaker 4: pragmatic and he understands that mining is a productive part

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Speaker 4: of the economy and it can contribute more to economic growth. So,

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Speaker 4: you know, loosening a bit of the red tape and

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Speaker 4: enabling some overseas investment and showing some optimism towards mining

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Speaker 4: is going to help with economic growth.

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Speaker 2: I don't think anybody doesn't understand the fact that mining

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Speaker 2: can help. It's just that they're quite prepared to forego

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Speaker 2: the money because they love our landscape.

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Speaker 4: Yeah, and there's a lot of misinformation about what mining

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Speaker 4: does and doesn't do. And obviously, you know, we won't

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Speaker 4: have time to go into the whole inf and outs

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Speaker 4: of Stewardship Land. But there's a lot of belief that,

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Speaker 4: you know, somehow mining is taking over the conservation of state.

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Speaker 4: That's not true. And there won't be mining in the

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Speaker 4: pristine National Parks or any of the parts of the

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Speaker 4: conservation of state that are important to New Zealanders. That

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Speaker 4: just happening. So it's a bit of misinformation around some

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Speaker 4: of that stuff.

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Speaker 2: Well, I'm getting it down in the Commander where they

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Speaker 2: say the Commandal Forest Park might be affected, in that

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Speaker 2: there are licenses already granted or at least interest licenses

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Speaker 2: of interest already granted to Australian companies.

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Speaker 4: Yeah, and Minister Jones is doing his big announcement about

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Speaker 4: mining next week in why he and there's a reason

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Speaker 4: for that because in that Hiraki region mining contributes nineteen

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Speaker 4: point three percent towards GDP. People in that area understand

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Speaker 4: the value of mining. A lot of them work in mining.

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Speaker 4: They see the money from mining going into their communities.

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Speaker 4: It doesn't really matter where the company's owned, because a

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Speaker 4: lot of companies owned in New Zealand, not just mining

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Speaker 4: companies by overseas interests, it's the people working in those companies.

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Speaker 4: They work in New Zealand. They're not like Australian miners.

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Speaker 4: They don't fly and fly out. They live there, their

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Speaker 4: kids go to school there, they contribute to the community.

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Speaker 4: Mining's are really highly paid job and so there's plenty

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Speaker 4: of money going into those communities.

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Speaker 2: What should we be looking for? Should we be looking

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Speaker 2: for hydrocarbons, or should we be looking for precious beat

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Speaker 2: or should we be looking for coal? Should we be

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Speaker 2: looking for rare earth minerals or should we just be

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Speaker 2: looking for everything?

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Speaker 4: So we should be looking for what the world wants,

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Speaker 4: and the world does want a lot of the minerals

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Speaker 4: that are going into technology and energy, so some of

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Speaker 4: the lithe and cobalt, copper, that sort of thing. But

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Speaker 4: then there's also the rare earth elements and some of

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Speaker 4: the minerals that we do have here, so we're already

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Speaker 4: mining some of them. Primarily we mind gold and coal,

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Speaker 4: and it's worth noting that gold, the gold price is very,

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Speaker 4: very high, and in the last year it's gone up

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Speaker 4: over fifteen hundred dollars an ounce in New Zealand. And

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Speaker 4: there's a reason for that because it's money. It's safe

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Speaker 4: money when there's chaos in the world. So we have gold,

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Speaker 4: we have and the minister's announcement will be where there's

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Speaker 4: gold mined. And you know, don't overlook gold is important

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Speaker 4: in the mineral's story going forward.

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Speaker 2: How does the rest of the world react when a

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Speaker 2: government backs our mining industry versus when a government puts

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Speaker 2: the kibosh on it.

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Speaker 4: Well, this is so fascinating because this is my daily

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Speaker 4: bread and I get calls from lawmakers in other countries

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Speaker 4: and I've met with some from other countries as well,

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Speaker 4: and also from investors in other countries, and they're very

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Speaker 4: excited about the pass tracked legislation. I think we'll see

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Speaker 4: some companies can some countries follow that, And you know,

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Speaker 4: obviously if the government's backing an industry is attractive to investors.

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Speaker 4: There is actually a global scale that shows how countries

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Speaker 4: policy and laws make mining investment attractib or not. We'd

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Speaker 4: dropped to the bottom of that scale, but we're moving

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Speaker 4: back up it, which is really encouraging.

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Speaker 2: Well, we can't wait for once again happened next week.

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Speaker 2: Joseph Vidal from SWATIRA, Chief executive officer. You might want

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Speaker 2: to hang on the line and have a listen because

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Speaker 2: I've got some tennis news for you. So okay, well yeah, okay,

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Speaker 2: so here we go.

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Speaker 4: Thanks to your time.

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Speaker 2: It's a pleasure. So Novak Djokovic pulled out after the

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Speaker 2: first test in the Australian Open semi final, so of

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Speaker 2: course the first interview goes to Alexander Zeverev and here's

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Speaker 2: what he had to say just moments ago.

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Speaker 5: Now, the very first thing I want to say is,

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Speaker 5: please you guys, don't don't boo a player when he

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Speaker 5: goes out with injury. Yes, I know, I know that

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Speaker 5: everybody paid for tickets and everybody wants to see hopefully

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Speaker 5: a great five said match and everything, but you've got

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Speaker 5: to understand, Novak Djokovic is somebody that has given the

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Speaker 5: sport for the past twenty years, absolutely everything of his life.

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Speaker 3: And he.

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Speaker 5: Has won this turn with an abdominal tear. He has

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Speaker 5: won this turn with a hamstring tear. If he cannot

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Speaker 5: continue a tennis match, it really means that he cannot

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Speaker 5: continue a tennis match, so please be respectful and really

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Speaker 5: showed some love for Novak as well.

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Speaker 2: What a classy thing to do. Alexander Zverev, who was

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Speaker 2: sweating like a pig, has been working hard airs. He

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Speaker 2: was as shocked as anybody and he knew exactly the

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Speaker 2: right thing to say. How unclassy from the Australian Open crowd.

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Speaker 2: Who has booed the goat? Unbelievable.

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