Stay out of our business, Rowely

Some of Australia's most prominent mining leaders gathered in Sydney yesterday, calling for the government to get serious about underwriting investment in the industry.

Some of Australia’s most prominent mining leaders gathered in Sydney yesterday, calling for the government to get serious about underwriting investment to allow further growth in the industry and stay out of negotiations regarding charges for third-parties using their infrastructure.

Presenting at the Financial Review Australian Infrastructure Conference 2009 in Sydney yesterday, Fortescue Metals Group executive director Graeme Rowley joked that he and Rio Tinto Iron Ore chief executive Sam Walsh agree that Governments should stop telling them how to make third party agreements work.

“Stop telling us what we’ll charge for it… It’s a commercial negotiation between us and other users.”

Rowely called for the Government to take a “statesman-like approach” to infrastructure issues.

“Infrastructure in the primary industries is much more than just a railway or a port,” he said.

“Infrastructure driving resources is the desired outcome, this is seldom the case.”

“Why do we have to have a crisis before a Government goes into the appropriate level of debt to fund infrastructure?” Rowely said.

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