Is a Mining Company Prospecting Near Your Town? Policy advice for towns and regions surviving the lifecycle of mining Susan Krumdieck advice to New Zealand Green Party Co-Leader Jeanette Fitzsimons The story told by policy makers and mining companies is that mining and resource extraction is good for the economy - IT MAKES THE ECONOMY GROW. This is of course true, but it is only half the truth. Mining is always a boom and bust cycle. We have not found any examples, amongst all of the clever people on the planet, where anyone has somehow made extraction of a finite resource into a perpetual benefit proposition. The people who have invested in building the new houses for the mining town and infrastructure for milling and freight, will have jobs for a time and then will move on. During the build up phase, the local schools, clinics, water supply, sewer system and police service will be overwhelmed and service will suffer. The commun...
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