Mining the Age of Entitlement?

It is impossible to agree with the conclusions of the Institute’s report that the mining and resources sector has been a significant beneficiary of government largesse.

The economic gains from streamlining the process of resource projects approval

Over recent years, a range of analytical work has sought to identify the scale and impact of delays in the processing of applications for major resource projects. Research for the Minerals Council of Australia (MCA) by Port Jackson Partners in 2012 showed that the average Australian thermal coal project experienced an additional 1.3 years’ delay relative to those elsewhere (3.1 years compared with 1.8 years for the rest of the world). Project delays in Australia have increased over the past decade, with the gap relative to other countries likely to be higher now than it has been for some time.

Estimated company tax, MRRT, carbon tax and royalties expenses for the minerals sector

Deloitte Access Economics was commissioned by the MCA to provide estimates of the likely tax expense (including company tax, royalties payments, MRRT and carbon permit revenues) borne by the minerals sector. Table 1.1 provides a summary of our estimates.

AGSO – Geoscience Australia Mineral Resource Report 1

Since the report Australian Uranium Resources (Battey, Miezitis & McKay, 1987) was released by the Bureau of Mineral Resources, Geology and Geophysics (BMR), there have been many changes in the Australian uranium mining industry. As a result, a great deal of information has become available about resources and the geology of uranium deposits. This report reviews and updates the 1987 BMR report.

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