Iron ore is Australia’s single largest commodity export and is forecast to earn Australia around A$700 billion over the six years to 2025-26. Iron ore supports 45,600 direct Australian jobs and is a major employer of Indigenous Australians.
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Focus on critical minerals in northern Australia to increase
“Putting Team Australia on the global critical minerals map will help attract the investment and technology necessary to meet the growing needs of global supply chains for critical and other minerals for high value products like batteries, solar cells and other innovative and early-stage technologies,” the MCA stated in March.
Read moreSantos deal with Eni Group a boost for Darwin plans
Santos has already devised a giant ‘‘carbon sink’’ scheme where it can offer energy operators the ability to strip out and bury carbon from their gas supplies at its Moomba hub in South Australia as the industry seeks to accelerate efforts to lower pollution from their fossil fuel operations.
Read more$10bn aid pool to cut premiums in north
“To underwrite it, you’re going to talk about billions because you need the comfort of that behind you. If we do this right, there’s no reason we can’t expand it into bushfire areas and flood areas.”
Read moreFERTILISER PROJECT GAINS MAJOR CLIENT
“We are pleased to support such a significant domestic manufacturing project that will use Australian gas to produce urea fertiliser, essential for our Australian and international agricultural markets,” she said.
Read moreMore affordable access to insurance for northern Australians
“More affordable insurance means peace-of-mind for hundreds of thousands of Australians across Northern Australia, knowing that their economic livelihoods are protected,” the Treasurer said.
Read moreBudget set for $20bn iron ore boost
The price of iron ore has hit a new record high of $US193.85 a tonne and is tipped to break through the $US200 barrier in a boom that will improve the federal budget bottom line by an estimated $20bn.
Read moreNew high for iron ore a boost for Australia’s resources sector
Global iron ore prices have hit record highs, surpassing the previous record from a decade ago and providing a welcome boost to Australia’s resources sector as the world recovers from the impact of the COVID-19 pandemic.
Read moreRinehart lieutenant warns MPs to prepare for iron ore price fall
Article by Brad Thompson courtesy of the Australian Financial Review One of Gina Rinehart’s most trusted lieutenants says Australia’s political leaders must looks at ways to reduce cost burdens like payroll tax ahead of […]
Read moreRESOURCES HIT $296B RECORD
Article by Stuart McKinnon courtesy of the West Australian Australia’s resources sector will again break export earnings records this financial year, underpinned by another record high in annual income from WA’s powerhouse […]
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