Media Releases

A presentation from Port Jackson Partners on The threat rising costs pose to Australia’s mining boom

Summary: Developing world transformation continues to deliver sustained demand growth / Capturing this means growing volumes – the ‘free kick’ from price is over / As competitors multiply, our declining competitiveness means we will not capture our fair share of these volumes / Regaining our competitive edge will require immediate and coordinated effort:

MCA - Quarterly Economic Brief • Autumn 2012

Global growth is forecast by the IMF to be 3.5% in 2012 but with European fragility remaining a source of downside vulnerability. Emerging economies, particularly in Asia, continue to be the main driver of global economic growth. Australia’s major trading partners (export-weighted) are forecast to grow by 4.25% in 2012 and 5% in 2013.


The minerals industry welcomes the Victorian Parliament’s Economic Development and Infrastructure Committee report on exploration in Victoria. The minerals industry is encouraged by the committee’s acknowledgement that the “mining industry laid the foundations for making Victoria the great state it is today”. The committee’s recommendations, if adopted, would significantly increase mining’s economic contribution to Victoria and stop the state falling further behind in the highlycompetitive contest to attract minerals investment.

Mining Taxes and Subsidies: Official evidence

How much tax do miners pay? On 7 March 2012, Treasury Secretary Martin Parkinson (2012) told the Australia–Israel Chamber of Commerce: Mining companies account for about a fifth of gross operating surplus, yet only around a tenth of company tax receipts, primarily because tax receipts from the industry are affected by the high levels of investment occurring in the sector and the consequent level of depreciation deductions.

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