The estimated effective rate of assistance from tariff and budgetary assistance for mining is negligible.
South Australia is set to invest AUS$10 million in promoting exploration and innovative technologies to accelerate new mining opportunities.
Improving access to education and boosting the quality and variety of skills of the mining workforce is essential to generating greater productivity and increased national prosperity from Australia’s minerals sector.
MCA analysis shows that without carry over units, the financial cost to Australia will be at least AUS$12.8 billion.
CSIRO and Geoscience Australia’s recent assessment of the Carmichael project clears the way for the Queensland Government to finalise the remaining approvals.
The Federal Government’s critical minerals strategy demonstrates the job and investment benefits delivered by Australia’s minerals industry.
Australia’s short-list of projects for detailed consideration through the Underwriting New Generation Investment programme is a welcome start in ensuring the country’s electricity system is capable of delivering affordable power with lower emissions.
The Centre would enable a stronger focus on developing data and other innovative approaches to boosting productivity and ensuring Australia’s minerals industry continues to lead the world on creating wealth for all Australians.
Mining makes up 33% of all company profits in Australia, which makes it a significant contributor to government revenues.