Australian resources and energy keep export dollars flowing

“These latest quarterly figures show Australia’s resources are the gifts that keep on giving,” Minister Pitt said. “Our resources exports continue to bring hundreds of billions of dollars into the country and keep thousands of Australians in high-value, high-skilled jobs – particularly in regional Australia. “Just as iron ore’s incredibly strong run cools, soaring demand for our coal and liquefied natural gas is fuelling a surge in export revenues.

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Latest resources figures show WA dominance

Premier Mark McGowan congratulated the industry on a successful battle with the COVID-19 pandemic. “Our efforts to crush the virus quickly and keep our economy and mining industry open has not only benefited Western Australians but the nation more broadly, with WA continuing to provide the largest per capita financial contribution to the Federation,” he said.

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Reform overhaul to put rocket under productivity

With the country already experiencing a peak in major projects, Infrastructure Australia chief of policy and research Peter Colacino said the industry needed to reform in order to meet the looming pipeline of projects. “The industry can’t deliver the scope of work unless it adopts the change,” he said. “We’ve pointed to things that are proven, have delivered productivity gains elsewhere, are well evidenced in terms of what we’re putting forward. These aren’t unproven solutions.”

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MAKE BRISBANE SHINE

But Ms Rinehart warned that in the lead-up to Brisbane hosting the world’s biggest sporting event in 2032, governments needed to cut red tape to ensure teams and facilities were ready in time. “I hope our governments now take the bit between their teeth and realise 10 years time is a relatively short time to prepare Queensland for the Olympics, and grasp this opportunity to ensure Queensland shines,” she said. “To do this we must cut government tape to welcome significant investment and businesses, improve airports, improve marinas, build exciting new tourist facilities and accommodation, to really show Queensland and Australia as a must-repeat visit destination.”

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Australia’s Competitiveness Levels Are The Lowest In 25 Years: CEDA

Despite the Australian economy responding positively to the COVID-19 pandemic and experiencing a V-shaped recovery, the report suggests that there is an urgency to rebuild economic competitiveness through increasing digitisation and reducing tax burdens.

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RESOURCES 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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Sea of opportunity awaits if we unlock Darwin’s potential

Article by Ross Muir courtesy of the Weekend Australian It sometimes takes a crisis for a problem to become clear. Covid and China’s trade aggression help us to see where we stand. […]

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WA’s nickel, iron ore sectors drive record job growth

Article by Nickolas Zakharia courtesy of Australian Mining The Western Australian resources sector has achieved record increases in sales and jobs during the 2019-20 financial year despite the impacts of the COVID-19 […]

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Coronavirus updates: Gina Rinehart’s tax cut call to save Aussies as new global COVID hot spots emerge

Article by Zoe Smith courtesy of the Courier Mail Gina Rinehart has called on the Morrison government to look towards the US to help Australia recover from the economic fall out of […]

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WA-first for mining jobs a welcome step

Editorial content by WAN Editor-in-Chief Anthony De Ceglie courtesy of the West Australian

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