Boom is ‘not our birthright’
This new mining boom is not our birthright. A steady stream of excessive interventions by governments have put Australia’s chances of reaping an incredible, long-lasting dividend from this new mining boom at genuine risk. These include heavy-handed industrial relations laws that impinge on productivity and threaten jobs. There is a genuine risk of Australia’s critical minerals remaining in the ground, as companies and investors prioritise foreign resources developments where costs are lower, policy settings more stable, and returns are higher. We need to seize the opportunity and not squander it. Because when Australian mining does well, Australians do well.
