Strong partnerships are crucial to advance diversity and inclusion in the Australian mining and resources sector.
In May, Australia’s resources sector generated a record high AUS$24.9 billion in export earnings for the nation.
The Minerals Council of Australia has agreed with the Productivity Commission’s independent Trade and Assistance Review 2017-2018 which refuted the claim that Australian mining is subsidised by taxpayers.
A welcome wave of reform signalled by the Prime Minister on 24 June has the potential to unlock up to AUS$170 billion of resources investment in Australia.
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.