Mining contracts to help heal manufacturing woes

 The Federal Government yesterday appointed an envoy to help Australian manufacturers win secure resource project contracts to draw in the benefits of the mining boom to the ailing sector. 

Former Queensland premier Peter Beattie has been appointed Australia’s first Resources Sector Supplier envoy to encourage people to buy Australian products.

Aimed at helping local manufacturers compete and gain new opportunities in the booming global resources market, the envoy is the first step in the Buy Australia program. 

The news follows steel making giant BlueScope announcement that it will shut down its number six blast furnace at Port Kembla, south of Sydney, and close its Western Port hot strip mill, east of Melbourne, resulting more than 1000 job losses. 

BlueScope jobs losses has cut a deep wound for Australia’s manufacturing sector, and with economic figures showing slumps across exports, production and prices, the future looks bleak for an industry that what was once the major contributor to Australia’s GDP.

 

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