The Govt is going to have to back its rhetoric up with action. BSX has a critical role to play, as the Ambassador stated. Now it appears the Company should be rewarded according to the Treasurer:
Jim Chalmers to push for incentives for sustainable mining amid concerns over Australian nickel. Speaking at the G20 in Brazil, Treasurer will also warn that Australia easing into lower inflation without a recession is ‘not assured’:
"With growing concern about the Australian nickel industry due to growing international competition from Indonesian producers, Chalmers argues that “critical minerals industries and supply chains are not reliable enough or sustainable enough”. “Right now, we don’t have the right market structures to reward global producers that improve their environmental and social footprint,” he says, in an advance copy of the speech. Australia may impose carbon tariffs on steel and cement imports from countries with lower climate goals. “We should look to reward sellers that invest in improving the quality and sustainability of critical minerals.”“This should include consideration of a differentiated international trading market for resources produced to higher [environmental, social and governance] standards.”
