Recommendations today made by the New South Wales corruption watchdog have been welcomed by the mining industry.
The NSW Minerals Council said the Independent Commission Against Corruption report recognises the strategic economic importance of coal mining in NSW and outlines a framework which it says will create a more transparent regulatory environment.
“We welcome a more transparent and properly governed approach that provides industry certainty,” NSW Minerals Council CEO Stephen Galilee said today.
“A strong mining industry is good for jobs and the state’s economy, but it can only be strong if the community can have faith in a robust regulatory system that governs it.
“We particularly welcome the identification of the need for a more cohesive approach across government to the overall development of the sector.”
The Report’s very first recommendation outlines the need to align the development of NSW coal resources with the NSW 2021 state plan and provide clear policy objectives that guide the development of the industry.
“We’ve recently called for an Industry Action Plan for mining in NSW that would help achieve this outcome, recognising the strategic economic importance of mining for the NSW economy, including for jobs, investment, trade, infrastructure, regional development, and energy supply,” Galilee said.
“An Industry Action Plan for mining should be developed in the near future to give more confidence to the community, the industry and more than 10,500 local businesses that supply our mines in NSW.”
Galilee has cautioned that a number of the recommendations may have potential cost implications for established mining operations and has asked the State Government to consult with both the industry and the community during the development of any new processes which stem from the ICAC recommendations.