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RESIGNATION OF THE HON. MARTIN FERGUSON AM MP

The Minerals Council of Australia recognises the contribution to the nation made by Martin Ferguson during his time as Minister for Resources and Energy. Martin Ferguson brought to his role a deep understanding of the mining industry and a strong commitment to consult with the industry on policy challenges.

MCA - QUARTERLY ECONOMIC BRIEF - AUTUMN 2013

Global growth slowed in 2012, but some improvement in economic conditions late in the year points to a modest reacceleration of activity in 2013. While the growth outlook for a number of large economies remains subdued and the global economy vulnerable to new setbacks, risks appear more balanced at the start of 2013 based on an improved outlook in the United States and China.

WORKING GROUP ON NATIVE TITLE TAX TREATMENT

The Minerals Council of Australia welcome’s the Government’s announcement of a working group to examine the tax treatment of native title payments. The MCA in partnership with the NNTC and key academics developed the Indigenous Community Development Corporation model, which is a special purpose vehicle for managing native title and other payments negotiated by traditional owners and Indigenous Groups to maximise economic and social benefits, reduce administration, incentivise investment and intergenerational accumulation.

FIRST EVER STUDIES REVEALS THE TRUE FACTS BEHIND FIFO

Less than a quarter of Australia’s Fly in Fly Out (FIFO) and Drive in Drive Out (DIDO) workforce is directly employed in the mining industry, the first ever study of long distance commuting has revealed. Despite claims that FIFO and DIDO is a “cancer” in Australia, a study of the 2011 Census by KPMG shows that only 2.1 per cent of the national workforce Long Distance Commutes (LDC) to work. Miners represent 21 per cent of the total LDC workforce.

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