Comprehensive plan for Australia’s resources and energy sector
The final report prepared by the Resources 2030 Taskforce for Senator the Hon Matthew Canavan, Minister for Resources and Northern Australia has been released. This report contains 29 recommendations spanning a number of thematic topics that seek to ensure Australia’s resources sector can continue to provide prosperity for future generations.
It is the first report released since the late 1990s. The Australian Government’s 2030 Taskforce was established by Australian Resources Minister Matt Canavan.
Source MCA: Australia’s world-class mining industry is a huge contributor to the Australian economy which boosts the living standards of all Australians – particularly those in regional areas.
Australia’s substantial and diverse mineral resources have made it a key supplier of the minerals that are essential to modern life including iron ore, gold and lithium.
But these resources alone do not guarantee success. As noted in the Taskforce report: ‘Business and policy frameworks fundamentally affect the cost of doing business in Australia and, hence, the country’s commercial attractiveness.’
In particular, the confirmation by Taskforce Chair Andrew Cripps that ‘unnecessary duplication is one of the most significant inhibitors of the sector’s progress’ reinforces the MCA’s long-standing advocacy to reduce red and green tape which is holding back mineral development, investment and jobs in Australia.
Australia’s resources sector is proud of our role in developing regional communities and creating more than 220,000 high-skill, high-wage jobs – 65 per cent of those in regional Australia.
It’s time for Australia to do more to support regional communities and jobs by backing its world-class minerals industry.
We must meet rising international competition for mining investment if we are to remain a world leader in mining and make the most of growing world demand for mineral and energy resources.
In particular, ensuring our minerals industry continues to lead Australian industry and the world in innovation and the adoption of new technology is vital.
Securing and sustaining the future minerals workforce with the skills to make the most of new technology is another area which requires urgent attention.