The Association of Mining and Exploration Companies (AMEC) has called for both major political parties in Western Australia (WA) to dedicate a Minister to a sole resources portfolio.
The AMEC proposal will soon be outlined in under a five point plan to secure WA’s long term economic prosperity.
According to AMEC, the plan highlights the need to focus on the future of the sector.
AMEC chief executive Dr Justin Walawski said at $3.423 billion in 2008/09, mining royalties and rentals are the largest single source of non-Government revenue generated in Western Australia.
“Combined with falling exploration levels and increased competition from other States, it is clear WA now needs the leadership of a singularly focused Minister to preserve its place as Australia’s mining capital,” Dr Walawski said.
“This is not a critique of the current Minister – the industry is simply so important to the State’s long term economic prosperity, it demands a Minister with no distractions.
“We encourage both major parties to publicly commit to the appointment of a Minister dedicated to managing WA’s largest and most economically important industry if elected,” Dr Walawski said.