Late last year I wrote about a local Whangarei lad who'd headed south for a rock solid job with Solid Energy and how hard it was on the men and the families they leave behind.
A life of transience and separation and, yet, the money was good. He'd been up to the Denniston Plateau and it was odd for a coal miner to say he hoped it wouldn't be mined. It was "so beautiful up there," he'd said.
He's back - of course. Caught up in the "perfect storm" of plummeting coal prices and rocketing CEO and senior management salaries - the only things that seem to be immune from any reality checks from a real world market. Except it wasn't a perfect storm. It was just business as usual.
It may grate that a mine can leave a big hole in the ground where good earth used to be and, often, toxic waste to boot and still leave taxpayers nearly $400 million in debt. Or that substantial job losses like the 400 last year at Spring Creek or from the latest meltdown can be part of a mining boom. That's the reality though in an industry that is highly volatile and, by definition, unsustainable.
Back on the coast, Bathurst mine is projecting profits of about the same magnitude as Solid Energy's loss if only they can get consents to mine the same product on the Denniston Plateau. By the time dividends to overseas investors, lost employment opportunities in creating other businesses and the loss of flora and fauna is taken into consideration (something mining economists never seem to do), it's questionable whether the benefits are that great.