Media Releases


Opportunity at risk - Regaining our competitive edge in minerals resources

The developing world’s economic transformation continues to offer sustained demand growth for Australia’s commodity exports. The fundamental drivers of minerals demand growth, urbanisation and industrialisation, will exist for the next 20 years or more. Neither weaknesses in developed world economies nor a temporary deceleration in China will dampen these long-term trends. For Australia, maintaining our current minerals market shares would add $121 billion per annum to resource sector revenues by 2031. This is a 65% increase for a sector already twice the size it was in 2006. The benefits of this growth would be large and widespread.

NEWCREST CADIA VALLEY EMERGENCY RESPONSE TEAM WINS 20TH ANNUAL VICTORIAN MINE RESCUE COMPETITION

Newcrest Cadia Valley Mine Emergency Response Team has narrowly defeated eleven other teams from across the country to win the prestigious Victorian Mine Rescue Competition proudly sponsored by Fire and Safety Australia.

No relief from carbon cost king-hit

The proposed change to the Australian carbon pricing scheme to start from 2015 is an empty gesture. It is tinkering at the edges, not the fundamental redesign for proper global alignment that is critical for an efficient and effective response to climate change. The announcement does nothing to alleviate the high cost burden of the Australian carbon tax for the next three years.

COAL SEAM GAS EXPLORATION IN VICTORIA

The decision today to halt exploration for Coal Seam Gas in Victoria is profoundly disappointing. Decisions on granting exploration licenses should be based on rigorous scientific assessment and best practice environmental management rather than external pressures. Today’s announcement is not consistent with the merits-based decision making processes required under Victoria’s mining laws.

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