A major petroleum and coal mining company has been spared prosecution for unlawfully using hundreds of millions of litres of water from a river in rural New South Wales during one of the worst droughts in the state’s history. Japanese energy giant Idemitsu was found to be unlawfully collecting and using the water at its Boggabri Coal Mine…
10 Tonnes of Mining Needed for One EV, CEO Reveals True Cost of Net Zero
June 30, 2023
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BRISBANE—Business leaders at the World Mining Congress have revealed the sheer scale (and urgency) of new mining activity needed to make net zero societies feasible. The climate change movement—supposed to be about protecting the environment—will, in fact, spur mining companies to go “deeper, bigger, and faster” to meet the demand for critical minerals like lithium…
Mining Industry Got Australia Through Economic Recessions, Pandemic: Liberal MP
Queensland Liberal MP Garth Hamilton has commended Australia’s mining sector for sustaining the nation’s economic prosperity during the 90s recession, the GFC, and more recently through the pandemic. This comes as federal Labor Treasurer Jim Chalmers said that Australia’s resources sector has been “a force for good.” Speaking with Sky News on June 26, Hamilton…
Reaching Net Zero Will Need 450 Percent Increase in Mining: Australian Treasurer
Australia’s Federal Treasurer, Jim Chalmers, has said that a 450 percent increase in mineral production will be needed to meet net zero by 2050. This comes as Resources Minister Madeleine King released a new strategy (pdf) for making Australia a global producer of raw and processed critical minerals. Speaking at the 26th World Mining Congress…
Reaching Net Zero Will Need 450 Percent Increase in Mining: Aussie Treasurer
Australia’s Federal Treasurer, Jim Chalmers, has said that a 450 percent increase in mineral production will be needed to meet net zero by 2050. This comes as Resources Minister Madeleine King released a new strategy (pdf) for making Australia a global producer of raw and processed critical minerals. Speaking at the 26th World Mining Congress…
Australia Must Heed Gina Rinehart’s Timely Warnings
Commentary Amid growing fears of a recession, Federal Treasurer Jim Chalmers announced on June 28 that the $4.2 billion (US$2.8 billion) surplus forecast for the 2022-23 budget will be higher. Key drivers of the improved budget position were understood to be, among other things, higher tax revenue and stronger commodity prices than forecast by the…
People Don’t Know ‘How Embedded Mining Is in Their Lives’ Due to Misinformation: Opposition
The growing “anti-mining sentiment” in the past decades has led the public to underestimate the importance of the mining industry despite it being so embedded in people’s daily lives, an international mining conference has been told. Australia’s Federal Opposition Resources Spokeswoman Susan McDonald on June 26 called on industry groups to “stand up and tell…
Northern Territory Considers Replacing ‘Uncompetitive’ Mining Royalties Scheme
The Northern Territory (NT) is looking to replace its current mining royalty scheme with one that is more competitive following a report that found it to be a deterrent to investment. Currently, the territory is looking at changing its profits-based scheme to one that is based on the underlying value of the extracted assets. The…
Australia’s Mining Council Praises Andrews Government’s Mining Boost but Criticises New Tax
The Mineral Council of Australia has welcomed new funding initiatives by the Andrews government to regulate the resources sector but is concerned that an additional payroll tax levy will be a burden for businesses. This follows an allocation of $23.2 million from the state budget to the resources sector. Meanwhile, the state’s additional payroll tax—which…
‘Wind Back Regulation’: Aussie Mining Magnate Urges Federal Government to Consider ‘Regional Security and Stability’
Australian mining magnate Gina Rinehart has urged the federal government to reduce regulations for the mining industry so that the nation’s natural minerals and resources can be better utilised to provide security and stability in the Indo-Pacific. This follows concerns from Japanese gas company Inpex, which said in April that regulatory changes to natural resources…
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