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This submission is supported by and was developed in consultation with The Chamber of Minerals and Energy of Western Australia, the Queensland Resources Council and the New South Wales Minerals Council.
The Minerals Council of Australia is developing a Climate Action Plan, which will complement the already strong commitment by MCA members to act on climate change.
The Minerals Council of Australia will support the new mine tailings safety communique, with a programme of training, research and governance actions currently in development.
Growing investment by mining is helping to secure Australia’s long-term prosperity.
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 MCA also encourages the government to continue the process of business tax reform.
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.
Australia’s resources industry is the nation’s largest source of export revenue.