AUSTRALIA’S GOLDEN RODRIGUEZ: It is a familiar sight in this country’s north, a vast collection of glassware.
And it is a source of pride for some.
But this gem of a place is also a source, in the minds of some locals, of frustration.
It is home to a wealth of rocks, which are sold to people in return for the chance to watch a live fireworks show.
This, and the fact that the glass is often broken and shattered, is not the fault of the person selling it, but a matter of tradition and economics.
For many locals, rock glass is an economic necessity.
This has been a point of contention in recent years.
For some locals it is the source of a sense of pride.
But for others it is an embarrassment, with many locals turning to selling it in order to cover the cost of repairs to their home.
“I’m a glass collector.
I love it.
It’s what I do.
I don’t need it,” said Tom McAlpine, who sells rock glasses from his home in the Northern Territory.
“It’s not a problem, it’s a tradition.”
AUSTRIA’s GOLDEN REPUBLIC: For the first time in decades, a large chunk of Australia’s gold production is now in the hands of a handful of private investors.
These are the Australians who own about $US3 trillion worth of gold and silver.
But many are not happy about it.
They believe the gold is being hoarded and not properly used.
“People who are rich in gold are selling their gold, they are selling the value of the gold and that’s wrong,” said Tony Vickers, who is president of the Australian Gold Investors Association.
“We are buying gold because it’s good.
It gives us a sense that we are making a positive contribution.”
Mr Vickers believes the gold boom in Australia is the result of a combination of bad planning and the government’s lack of regulation.
“A lot of this gold is not being used properly.
It was supposed to be put to good use.
There’s no regulation and there’s no clear market,” he said.
But the mining industry is not pleased. “
And then the government doesn’t give them enough money to pay for it.”
But the mining industry is not pleased.
“Gold is one of the most valuable things we have,” said Greg Hutton, who owns the mining company Goldfields Goldfields, in Victoria.
Mr Hutton says his company is working to secure government funding to continue operating, and that he has met with Australian and international authorities about what the government can do to help. “
The government needs to give the money to the investors.”
Mr Hutton says his company is working to secure government funding to continue operating, and that he has met with Australian and international authorities about what the government can do to help.
But he is concerned about the impact on the environment.
“What’s happened in Australia over the last 10 years is that the mining sector has created more emissions than the entire economy combined,” he told ABC News.
Goldfields says it is making a concerted effort to manage the pollution, but is struggling to find a solution. “
This is the third year in a row that we’ve had a serious spill in the Murray Darling Basin.”
Goldfields says it is making a concerted effort to manage the pollution, but is struggling to find a solution.
“Our mining activities are so big they’re destroying the environment,” Mr Huttles said.
“We’re not trying to change anything in terms of the way we do our business, we’re just trying to manage it in the best way that we can.”
But not everyone is convinced.
“If you’re going to go and buy a gold and you’re not going to use it, why do you need it?” asked Michael Wilson, who runs the gold collection site, Australian Gold.
“Because the Government has failed.”
AIMING FOR A LIFESTYLE Australia is home in large part to gold, which was first discovered by Europeans in the late 19th century.
It has been mined in Australia since 1799 and is worth an estimated $US1 trillion.
The government spent $US5 billion in 2015 to mine about one third of the nation’s gold.
It said the mining boom in the past decade was an opportunity to invest in our future.
But the industry is facing the challenge of finding ways to meet rising demand and to keep the price of gold stable.
Gold prices have risen more than 30 per cent in the last 12 months, according to the Australian Bureau of Statistics.
The mining industry has been struggling to meet its needs.
In the last two years alone, mining production has fallen by a third and its revenue has plummeted by another third.
It says it has had to turn to more expensive methods of production, such as carbon capture and storage.
While many have been able to find ways to make their way around the mining frenzy, some have been left frustrated and unsure