The Federal election result is a win for regional jobs, particularly in the big resources states of Queensland, New South Wales and Western Australia, says the Minerals Council of Australia.
Chief executive officer Tania Constable said the Coalition government’s strategic economic reform agenda to keep taxes low, in conjunction with responsible 2019-20 Budget measures, provided opportunities for large and small business to be successful.
“It also means that the mining industry will continue to develop the nation’s minerals for the benefit of everyone,” she said.
There was now a clear mandate for resources projects that had lawful approvals to proceed, such as Adani’s Carmichael coal mine in central Queensland and the Yeelirrie uranium mine in Western Australia.
“The mining industry generates $12 billion in royalties for state governments and paid $18.6 billion in company tax in 2017-2018 – funding the teachers, nurses, police and infrastructure projects on which all Australians rely,” she said.
“This means a stronger minerals industry is good for Australia.
“The Coalition’s Resources Statement will promote our national brand, boost co-operation with the states on the development of new resource basins, upgrading and enhancement of skills and investment in advanced seismic and aero-magnetic surveys to discover the critical minerals we will need for Australia’s future.”
She highlighted Coalition commitments with the potential to deliver further growth and expansion of Australia’s resources sector including:
– $30 million for the Central Queensland University School of Mines and Manufacturing – Gladstone and Rockhampton
– Development of the Critical Minerals Strategy to promote investment and provide priority status for funding applications for projects under the $20 million Round 7 of the Cooperative Research Centres Project (part of a $45 million package)
– $3.4 million over four years to encourage more women into science, technology, engineering and mathematics (STEM) education and careers, including an extension of the Science in Australia Gender Equity program
– Renewed commitment of $100 million to produce new pre-competitive geoscience data through Geoscience Australia’s Exploring for the Future program, the Junior Minerals Exploration Initiative to assist with greenfields exploration ($100 million) and $100 million to support the development of hydrogen technologies.