Approvals reform can protect natural assets & boost economy

The Minerals Council of Australia estimates that the EPBC process can cost companies developing greenfield resource projects up to $47 million every month. Professor Samuel recommended the job-destroying duplication should be addressed by improving, strengthening, and streamlining the capacity of the Federal Government to delegate approval functions to State governments.
It’s time to get on with reforms to better protect natural assets and deliver a needed boost for our economy.

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McGowan backs PM over red tape Bills

Mr McGowan said his government had called for proposed changes 18 months ago.
“We support this legislation and WA continues to work with the Commonwealth to progress a bilateral agreement for approvals which will maintain environmental standards and reduce red tape,” he said.
“Since (originally calling for the changes) the State has been implementing initiatives to remove red tape while retaining the highest environmental standards for all applicants.”

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Unilever to invest $175.4 mln in Indonesian special economic zone

The fast-moving consumer goods giant plans to expand its oleochemical factory, which can hire 600 new workers directly and potentially create 6,000 new jobs “indirectly”, Arif Hudaya, finance director at PT Unilever Indonesia, said in a statement.

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Townsville Enterprise calls for cut in red tape for mining

“It’s important we work together with government and industry to ensure that we have a true partnership in terms of cutting red tape, finding investment opportunities in common user infrastructure and making sure the supply chain is ready for those junior miners coming through.

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Pilbara iron ore powering Australia’s economy

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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New figures show mining sector powering the economy

“These changes will transform the NAIF to make it a more proactive investor in projects that will generate economic activity and job creation,”

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FERTILISER 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.

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Budget 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.

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New 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.

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Rinehart 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 […]

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