Media Releases


FEDERAL GOVERNMENT REFORMS TO NATIONAL ENVIRONMENTAL REGULATION

The Federal Government?s proposed reforms to the Environment Protection and Biodiversity Conservation Act (EPBC) align with the Minerals Council of Australia?s long-held advocacy for the overhaul of national environmental approval processes to ensure better environmental outcomes, reduced regulatory duplication and improved business confidence.

BARRICK KANOWNA BELLE / KCGM COMBINED EMERGENCY RESPONSE TEAM WINS 19TH ANNUAL UMRC

Western Australia?s Barrick Kanowna Belle/KCGM Combined Mine Emergency Response Team has narrowly defeated five other teams from across the country to win the prestigious Annual Victorian Underground Mine Rescue Competition, proudly sponsored by Orica Mining Services. In one of the closest results in the competition history, less than 3% separated the first five teams in the Overall Competition category. Second place went to Northgate Fosterville Gold Mine, with Newcrest Cadia Valley Operations in third place.

MINERALS INDUSTRY TO PAY A RECORD $23.4 BILLION IN TAXES + ROYALTIES: 2010-11

The minerals industry is expected to pay a record $23.4 billion in taxes and royalties to Federal and State Governments in 2010-2011 new research from Deloitte Access Economics (DAE) shows. Minerals sector company tax is expected to reach $14.6 billion in 2010-11, exceeding the previous peak of $13.2 billion in 2008-09 and 42 per cent above average company tax payments of the previous three years.

MCA - Quarterly economic Brief • Winter 2011

Global growth moderated in the June quarter 2011. Weaker activity in the United States, output disruption following the March earthquake and tsunami in Japan and debt problems in Europe acted as a drag on recovery among advanced economies. Emerging economies in Asia, particularly China, continue to underpin world economic growth, though there are signs of slowing activity due to monetary tightening.

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