Warren Pearce, chief executive officer of the Association of Mining and Exploration Companies (AMEC), has commented on the Australian mining industry, which he believes is showing signs of recovery.
“Following very difficult economic times, declining trends and record lows over the last few years, the mining industry is starting to show signs of recovery and growth,” he said in a statement. “However, more needs to be done to maximise Australia’s natural resource potential.”
AMEC recently released its annual federal policy report, identifying several priorities in order to drive mineral exploration and reduce costs.
Among its recommendations are making use of the Productivity Commission’s review into GST re-distribution to address the current budget environment; reform to the Environment Protection and Biodiversity Conservation Act and Native Title Act; the early passing of legislation regarding the governmental Enterprise Tax Plan to reduce company tax rates; and capitalising on demand for lithium battery components.
“The opportunities to discover new mines and maximise Australia’s natural resource potential is still enormous,” said Pearce.
AMEC intends to promote the aforementioned recommendations (among others) to the Australian Government in order to maximise the potential of the Australian resources sector.