Ready and reliable – plug for Australian mining brand
It is the first part of a $20.1 million Global Resources Strategy, announced in the May Budget, to expand export markets and build on the strength of the nation’s resources and energy sectors.
Resources Minister Keith Pitt described the statement as a comprehensive overview of the strength and stability of Australia’s resources and energy sectors.
“It outlines opportunities for the sector to supply global markets as demand for major commodities and new energy technologies rebound from the COVID downturn,” Mr Pitt said.
“Australia has world-class operations, vast resources, established supply chains, and a government committed to supporting further investment, exploration and production.
“Australia’s resources exports have broken records over the past two years and are forecast to top $296 billion in 2020-21, despite a pandemic that has slowed global growth.”
Mr Pitt said Australia had a strong, stable and transparent regulatory regime, research and development incentives to support innovation, and a highly-skilled workforce.
It was a low-risk environment in which to invest and do business.
“Global demand for energy and mineral resources is projected to grow over the coming decades, driven by growing populations and fast-developing economies in our region,” Mr Pitt said.
“This Global Resources Statement promotes Australia’s strong resources credentials. Australia is a reliable, responsible and ready partner for resources exploration, investment and supply.”
New Zealand-based Chatham Rock Phosphate has made a $12.3 million deal to acquire the Korella phosphate mine, 150km south-east of Mount Isa.The compan...