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Lang Hancock, “Boost mining confidence, Mr Lynch,”
The Australian, September 15, 1976, p. 10, as a letter to the editor.

Mr Lynch is right on target (9/11) in attacking the fifth columnists within certain trade unions. He should have followed this up by laying the same charge against those ecologist groupings who are being led by the same subversives.

As far as nervy bosses are concerned, he should remember that he has done nothing to remove the root cause of the nerves which can only be done by laying a solid foundation on which the restore confidence in mining, which is the foundation on which all civilisation rests.

To restore confidence, Mr Lynch should:

(1) Immediately remove from the statute book the 33 1/3rd Reserve Bank “No-interest-bearing” deposit.

(2) Give rights to mine and security of tenure right from the discovery to the production stage of minerals. At the moment they can be confiscated at any stage, even after millions have been spent on them.

(3) Make mines free of export licences.

(4) Undertake not to change the rules once the ball has bounced.

Reverting to (1) above: How can an investor have confidence when he knows that having run all the risks and raised some hundreds of millions of capital, he could be compelled at any moment to provide an additional one-third of risk capital and lodge it with the Reserve Bank, bearing no interest?

(2) above: How can Mr Lynch expect investors to have confidence if they know that after spending hundreds of millions of dollars in discovery and engineering studies there is no certainty that they are ever going to be issued with a right to mine, or be allowed to export their product after they have developed a mine and got it into production or be free of confiscation?

(3) above: How can Mr Lynch expect millions to be invested in a mine, if the end result is that they may not be allowed to export and sell the product?

(4) above: How can Mr Lynch expect investors to have confidence when they know that the Government may change the rules and add further burdening costs or crippling bureaucratic restrictions once they have established a successful mine?

Mr Snedden had a better understanding of the fundamentals of confidence-building when it was brought home to him very forcibly in New York on December 12, 1974. He then said: “I believe if the individual is successful, then the community is successful … I also believe that the discoverer should have the right to develop and exploit his discovery … Australia had to set some rules but those rules and rights must be outlines before the discovery occurs and all agreements that are made stand.”

As Mr Lynch controls the purse strings he would have no difficulty in insisting that all State mining acts should guarantee these conditions, which Mr Snedden understood so well.

Seeing that the implementation of above (in order to restore confidence in Australia) would cost Mr Lynch nothing in money and nothing in ideology, I suggest, Mr Editor, that you give him no scope to fill your newspaper with an avalanche of words until he does undertake these positive confidence-building actions.

If Mr Lynch can rebuild some of the confidence that the overseas investor has lost in Australia, then with the establishment of just one large mine alone, he could do much to save the value of the Australian dollar.

We are witnessing the spectacle of the Australian Government going into debt for a sum of $300 million to bolster our exchange, whereas the establishment of Marandoo Iron mine alone would bring in $1000 million of much-needed foreign exchange without the Australian taxpayer having to incur any interest burden.

Actions, not words, please Mr Lynch, please.

Dalkeith, WA

(in order of appearance on
  1. Ron Manners’ Heroic Misadventures
  2. Hancock's Australia
  3. Hancock on Government Help
  4. Wake Up Australia: Excerpts Part 1
  5. Wake Up Australia: Excerpts Part 2
  6. Lang Hancock's Five Point Plan to Cripple Australia
  7. Governments Consume Wealth — They Don't Create It
  8. Up the Workers! Bob Howard's 1979 Workers Party Reflection in Playboy
  9. Jump on the Joh bandwagon
  10. John Singleton and Bob Howard 1975 Monday Conference TV Interview on the Workers Party
  11. Governments — like a red rag to a Rogue Bull
  12. Lang Hancock's Pilbara-Queensland Railway Proposal
  13. Singo, Howard and Hancock Want to Secede
  14. Lang Hancock's Foreword to Rip Van Australia
  15. New party will not tolerate bludgers: Radical party against welfare state
  16. Small and Big Business Should Oppose Government, says Lang Hancock
  17. A Condensed Case for Secession
  18. Hancock gets tough over uranium mining
  19. Hancock's threat to secede and faith in Whitlam
  20. PM's sky-high promise to Lang
  21. Lang Hancock: "a catherine-wheel of novel suggestions"
  22. Govt "villain" in eyes of new party
  23. The spread of Canberra-ism
  24. Govt should sell the ABC, says Lang Hancock
  25. 1971 Monday Conference transcript featuring Lang Hancock
  26. Aborigines, Bjelke and the freedom of the press
  27. The code of Lang Hancock
  28. Why not starve the taxation monster?
  29. Lang Hancock 1978 George Negus Interview
  30. Party Promises to Abolish Tax
  31. Right-wing plot
  32. "The best way to help the poor is not to become one of them." - Lang Hancock
  33. WA's NCP commits suicide
  34. "You can't live off a sacred site"
  35. Hancock: King of the Pilbara
  36. Bludgers need not apply
  37. New party formed "to slash controls"
  38. Workers Party Reunion Intro
  39. Workers Party is born as foe of government
  40. Government seen by new party as evil
  41. Ron Manners on Lang Hancock
  42. Does Canberra leave us any alternative to secession?
  43. Bury Hancock Week
  44. Ron Manners on the Workers Party
  45. Lang Hancock on Australia Today
  46. Hancock and Wright
  47. Lang Hancock on Environmentalists
  48. Friends of free enterprise treated to financial tete-a-tete: Lang does the talking but Gina pulls the strings
  49. Lang Hancock, Stump Jumper
  50. Lang Hancock: giant of the western iron age
  51. The Treasury needs a hatchet man
  52. We Mine to Live
  53. Get the "econuts" off our backs
  54. 1971 Lang Hancock-Jonathan Aitken interview for Land of Fortune (short)
  55. Gina Rinehart, Secessionist
  56. 1982 NYT Lang Hancock profile
  57. Enter Rio Tinto
  58. Hamersley and Tom Price
  59. News in the West
  60. Positive review of Hancock speech
  61. Lang Hancock International Press Institute General Assembly speech, Canberra, 1978
  62. Australia's slide to socialism
  63. The Great Claim Robbery
  64. Why WA must go it alone
  65. Lang Hancock in 1976 on Public Picnics and Human Blights
  67. Resource Management in Australia: Is it possible?
  68. The gospel of WA secession according to Lang Hancock
  69. Crystal Balls Need Polishing
  70. Minerals - politicians' playthings?
  71. John Singleton-Ita Buttrose interview (1977)
  72. Boston Tea Party 1986 style, hosted by Lang Hancock and Bob Ansett
  73. Singo says Lang Hancock violated Australia's 11th commandment: Thou Shalt Not Succeed
  74. Singleton: the White Knight of Ockerdom
  75. Tactics change by Hancock
  76. Lang Hancock complains to Margaret Thatcher about Malcolm Fraser
  77. 'Phony crisis' seen as 'child of politics'
  78. Lang Hancock on nuclear energy
  79. Lang Hancock beats the left at their own game on civil liberties
  80. Lang Hancock's Favourite Books
  81. 1977 Lang Hancock Canberoo poem
  82. Hancock's playing very hard to get
  83. Hancock proposes a free-trade zone
  84. An Open Letter to Sir Charles Court
  85. John Singleton 1976 ocker Monday Conference Max Harris debate
  86. Lang Hancock in 1984 solves Australian politics
  87. Lang Hancock on the Workers Party, secession and States Rights
  88. Lang Hancock asks what happened to Australia's rugged individualism?
  89. Precis of Ludwig Plan for North-West
  90. Announcement that Lang Hancock will be guest of honour at the Workers Party launch
  91. Lang Hancock's March 1983 attempt to enlist "former presidents of nations and heads of giant companies" to save Australia
  92. Lang Hancock asks us to think how easily environmentalists are manipulated for political purposes
  93. Invest in free enterprise
  94. Democracy is dead in Australia and Lang Hancock's education
  95. Lang Hancock Incites Civil Disobedience
  96. Hancock sounds call to battle Canberra
  97. Mining policy a threat
  98. Over Whitlam's head
  99. Lang Hancock suggests that newspapers don't give space to politicians unconditionally
  100. Lang Hancock on saving Australia from socialism
  101. Secede or sink
  102. Australia can learn from Thatcher
  103. John Singleton. Horseracing. Why?
  104. How Lang Hancock would fix the economy
  105. Lang Hancock: victim of retrospective legislation
  106. Lang Hancock supports Joh for PM
  107. Hancock seeks miners' tax haven in the north
  108. The Ord River Dam
  109. Why Lang Hancock invested in Australia's film industry
  110. Lang Hancock's 1983 letters to The Australian: Lang's precedent for Steve Jobs, renaming the Lucky Country to the Constipated Country, and more
  111. Australia's biggest newspaper insider on manipulating the media
  112. 1980 Lang Hancock-Australian Penthouse Interview
  113. Canberra: bastion of bureaucracy
  114. Pilbara can be the Ruhr for South-East Asia
  115. 1982 Lang Hancock-John Harper Nelson Interview
  116. Australian elections are one of the greatest con games in history
  117. Our leaders are powerless
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