Resources sector set for growth despite rising competition

The Morrison Government has released a national resources plan to maintain the competitiveness of Australia’s resources sector.

Quoting the work of Australian historian Geoffrey Blainey, “the rush that never ended,” the national resources statement will guide all governments’ future actions.

“Australia’s resources sector continues to boom,” Minister for Resources and Northern Australia Matthew Canavan said in the national resources statement.

“However, there is no guarantee that our resources sector will maintain this record. This is why the Australian Government is publishing the first national resources statement for two decades.”

The vision is to have the world’s most advanced, innovative and successful resources sector which delivers sustained prosperity and social development for all Australians.

To achieve this, the government has outlined five key priorities in the statement: improving the sector’s business settings; promoting resources exploration and basin development; leveraging research and development (R&D); supporting a skilled and inclusive workforce; and strengthening communities.

“Getting these right will allow Australia to better capitalise on global market opportunities as they arise,” Canavan said.

“Our resources sector, and the people that rely on it, have an almost boundless future if we get this right.”

The statement also builds on the Resources 2030 Taskforce chaired by former Queensland Minister for Natural Resources and Mines Andrew Cripps.

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