MCA welcomes the Federal Government’s initiatives to increase investment opportunities in critical commodities.
Today’s release of the Federal Government’s critical minerals strategy demonstrates the job and investment benefits delivered by Australia’s minerals industry.
Australian mining and minerals processing is the nation’s largest source of export revenue and provides highly-paid, highly-skilled jobs to thousands of workers in regional communities.
Australia has substantial resources of the critical commodities that support modern life and plays a key role in the international supply chains that delivers advanced consumer goods, healthcare and transportation systems.
Investment in the next wave of base metal and critical commodity mines and processing plants is not guaranteed, as Australia faces growing competition to attract international capital the resources industry needs to convert this potential into lasting economic benefits.
Government investment in innovation, skills and investment promotion is valuable, but more needs be done.
MCA’s The Next Frontier: Australian Mining Policy Priorities outlines a plan for the minerals sector to continue to invest and grow with confidence, supporting regional communities and a more prosperous Australia.