If it's a strategic necessity, and if the mining sector is going too far milking that for profit, perhaps it's time for the government to a public sector mining

If it's a strategic necessity, and if the mining sector is going too far milking that for profit, perhaps it's time for the government to a public sector mining company? Instead of giving out public money to private companies, use it to build government-owned businesses, and introduce some real competition. Even the threat of doing so would potentially work ...