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Speaker 1: You can tell the elections getting close to New Zealand.

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Speaker 1: First with a couple of policy announcements. Money for the

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Speaker 1: cathedral in Christy was announced Friday. They also want fifty

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Speaker 1: percent of royalties from mining to be returned to the regions.

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Speaker 1: Jose Butler's the CEO of New Zealand Minerals Council, and

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Speaker 1: is what is Joseie morning.

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Speaker 2: To you, Good morning to you.

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Speaker 1: As an idea, do you like it?

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Speaker 2: I do? And it's great to see some support for

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Speaker 2: mining because we can feel about lonely sometimes. It is

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Speaker 2: a good idea that some of the money that comes

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Speaker 2: from mining goes back to the regions to ensure there's

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Speaker 2: good infrastructure for mining to progress. But of course we

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Speaker 2: don't want to see Treasury and Wellington then say well

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Speaker 2: we want that money back somehow. We don't want to

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Speaker 2: see an increase in royalties because we think the current

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Speaker 2: payment's fair and that mining actually more than pays its

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Speaker 2: way with a variety of taxes and fees it pays

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Speaker 2: to the government.

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Speaker 1: Because if you suddenly got fifty percent of royalties, that'd

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Speaker 1: make the coast rich, wouldn't.

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Speaker 2: It certainly help? Royalties are actually the least of what

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Speaker 2: we pay. It's more more goes and taxes, but the

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Speaker 2: royalties is certainly would help a region like why he

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Speaker 2: Central Otago and the West Coast where most of the

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Speaker 2: mining takes place.

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Speaker 1: It's one of these global debates that's going on. We've

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Speaker 1: applied it he is GST. You know, how much GST

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Speaker 1: generated locally should be kept local. You know, people with

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Speaker 1: small rating bases should get extra money if they earn it,

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Speaker 1: all that sort of stuff. So maybe this is going somewhere,

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Speaker 1: do you think.

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Speaker 2: Yeah, Actually, mine pay very high rates as well in

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Speaker 2: the regions where they mine, so as I say, we're

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Speaker 2: pretty much paying our way and then some. So it

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Speaker 2: would be good if some of that money to go

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Speaker 2: back into those regions. And you know, it's interesting that

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Speaker 2: the world is finding out that you can't live on

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Speaker 2: rainbows alone right now, and that you do need fossil fills,

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Speaker 2: including coal to keep everything going. And you know, poor

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Speaker 2: policy has sort of put us where we are now

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Speaker 2: with the fuel situation. So it's really important to see

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Speaker 2: some policies coming through that recognize the real world we're

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Speaker 2: currently in and how to you know, we have to

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Speaker 2: keep New Zealand going.

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Speaker 1: Well exactly well said Josie. Appreciate you time very much.

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Speaker 1: Josie Bundel, who's the CEO of New Zealand Minerals Council.

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Speaker 1: There's nothing and that's where this weird story this morning

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Speaker 1: about the LNG getting canceled. So the thing they announced

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Speaker 1: just the other day, they've decided all of a sudden,

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Speaker 1: because the war's on and the gas price has gone up,

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Speaker 1: it's no longer a good idea. Obviously, I would have thought,

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Speaker 1: I'm assuming Luxem is not going to confirm this because

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Speaker 1: you look through things like that. Price is for commodities

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Speaker 1: go up and down given the circumstances, and you don't

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Speaker 1: make a decision like that. And then the next day,

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Speaker 1: sudden they go, oh the price has gone up. Oh

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Speaker 1: well we won't do that then. For more from the

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Speaker 1: Mic Asking Breakfast, listen live to news Talks. It'd be

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