A Fossil Fuelled Future

As the Intergovernmental Panel on Climate Change acknowledges, a strong future for coal and lower CO2 emissions are not mutually exclusive.

The Benefits of the Boom

John Edwards has claimed that the mineral commodity boom had minimal positive impact on the economy, contributing no more than 3 per cent of GDP. In a new MCA Background Paper, economist Jonathan Pincus refutes this conclusion. Pincus finds that “the benefits of the boom as estimated by Edwards should be scaled up considerably, by up to a factor of four”.

COAL: Power to the People

New analysis by the Manhattan Institute for Policy Research concludes coal “accounts for about 40 percent of all global electricity production” and “will likely maintain its dominant role for decades to come.”

The Divestment Myth

Anti-coal activists in Australia say coal divestment is “rapidly growing”. Their colleagues in Europe know that’s not true. Their own chart shows increasing investment as the demand for coal grows to fuel electrification and urbanisation in developing nations. (Source: banktrack.org)

 

Australia Institute Exposed

A new report by the former Secretary of the New South Wales Treasury makes it indisputably clear that the Australia Institute’s analysis of the mining sector cannot be trusted. The Institute is little more than the research arm of The Australian Greens party.

Australia’s Mining Boom

The Bureau of Resources and Energy Economics says the mining boom has had “broad, positive effects on the Australian economy”, supporting “increased employment, regional development and increased revenues for both federal and state governments.”

Australia’s Mining Boom

A Reserve Bank of Australia research paper found that by 2013 the mining boom raised real per capita household income by 13 per cent, increased real wages by 6 per cent and lowered the unemployment rate by about 1.25 per cent – the equivalent of 150,000 jobs.

Mining’s Tax Contribution

Over the last decade, revenues from company tax and royalties have totalled more than $156 billion. The mining industry’s share of company tax has trebled from 8 per cent to around 25 per cent over that time.

Public Policy Monographs

Since the turn of the century, Australia’s competitiveness has collapsed, contributing to the economy’s rate of growth falling below potential. Over this time, Australia has experienced an unprecedented mining boom which sustained income growth and minimised the macroeconomic impact of the global financial crisis (GFC) in 2008-09, greatly assisted by the flexibility of the exchange rate and strong trade ties to Asia, most notably China.

Postgraduate Program in Community Relations

Enrollments are now open for the highly successful Postgraduate Program in Community Relations (Resources Sector).

Memorandum of Understanding

The Australian Government and the Minerals Council of Australia (MCA) have agreed on an innovative partnership that represents another major step towards closing the gap on Indigenous disadvantage.

Australian Mining

These are stories of Australian Mining. They're the stories of our nearly 200,000 employees, and the 600,000 who earn their living in mining-related jobs.

Support for Coal

Prime Minister Tony Abbott speaking in Moranbah, Queensland on 13 October 2014.

Minerals Council of Australia - Latest News and Events

MINERALS INDUSTRY TAX RATIO AT 47% AND GOING HIGHER

The latest Minerals Industry Tax Survey shows that in 2012-13 the minerals industry paid nearly half of every dollar of profit as royalties and company tax to State and Federal Governments in Australia.

MINERALS INDUSTRY TAX SURVEY 2014

The 2014 Minerals industry tax survey finds that in the most recent survey year (2012-13) the minerals sector paid nearly half of every dollar of profit as royalties and company tax to State and Federal Governments in Australia.

WORLD COAL DEMAND WILL EXCEED 9 BILLION TONNES BY 2019

The International Energy Agency’s (IEA) Medium-Term Coal Market Report 2014 provides further confirmation of the growth and dynamism of international coal markets.

KOREA–AUSTRALIA FREE TRADE AGREEMENT HANDS AUSTRALIAN BUSINESS AN EARLY CHRISTMAS GIFT

Australian businesses will be able to take full advantage of opportunities with our fourth largest trading partner from tomorrow, 12 December 2014, the day the Korea–Australia Free Trade Agreement enters into force.

POTENTIAL URANIUM SALES TO UKRAINE

The Minerals Council of Australia’s Uranium Forum welcomes the Prime Minister’s consideration of possible future uranium sales to Ukraine.

WHERE TO FROM HERE? THE FUTURE OF THE URANIUM INDUSTRY

The uranium industry has established a platform for growth based on safe and sustainable production at home, to supply growing export demand.

MCATAX
25-27 March 2015 Melbourne

The MCA’s Biennial Tax Conference is Australia’s foremost minerals taxation event. It brings together resource taxation experts, policy makers, leading business figures, Commonwealth and State officials and high-profile commentators to discuss issues at the intersection of public policy and commercial practice.