Hot off the Press... (KP Press Release)Global Resources...

Hot off the Press... (KP Press Release)



Global Resources Statement promotes Australia to the world

3 June 2021

The Coalition Government has released a Global Resources Statement, which promotes Australia as a reliable, responsible and ready supplier of mineral resources and energy to the world.

The Statement is the first instalment of the $20.1 million Global Resources Strategy, announced in the May Budget, to expand our export markets and build on the strength of our resources and energy sectors.

Minister for Resources, Water and Northern Australia, Keith Pitt, said the Government is delivering the Global Resources Strategy.

“The strategy will ensure our resources sector remains resilient to trade shocks, diversify our export markets and grow our global competitiveness,” Minister Pitt said.

“The Statement is a comprehensive overview of the strength and stability of Australia’s resources and energy sectors.

“It outlines opportunities for the sector to supply global markets as demand for major commodities and new energy technologies rebound from the COVID downturn.

“Australia has world-class operations, vast resources, established supply chains, and a Government committed to supporting further investment, exploration and production.

“Australia’s resources exports have broken records over the past two years and are forecast to top $296 billion in 2020-21, despite a pandemic that has slowed global growth.

“The Global Resources Statement is an important first step in delivering the Government’s Global Resources Strategy, and I would like to offer this document to our trading partners to consider Australia as a reliable, responsible and ready partner for the future.

“The Statement underlines how Australia is a world leader in iron ore, gold, coal, and LNG production and exports, as well as bauxite, nickel, manganese and other critical minerals exploration, with opportunities for further expansion.

“Australia has a strong, stable and transparent regulatory regime, research and development incentives to support innovation, and a highly-skilled workforce.

“Our proximity to Asia has seen us become the supplier of choice in ever-expanding global supply chains.

“Australia’s mining industry is a world leader in sustainable resource management and mine safety, and the Mining Equipment, Technology and Services (METS) sector is a world leader in developing the technology needed to improve mining operations, safety and productivity.”

Minister Pitt said Australia was a low risk environment in which to invest and do business.

He said Government policies aim to unlock new energy and mineral resources, support new projects, support emerging industries through national strategies on critical minerals and hydrogen, and strengthen our global partnerships.

“Global demand for energy and mineral resources is projected to grow over the coming decades, driven by growing populations and fast-developing economies in our region,” Minister Pitt said.

“This Global Resources Statement promotes Australia’s strong resources credentials. Australia is a reliable, responsible and ready partner for resources exploration, investment and supply.”

The full statement is available here: https://www.industry.gov.au/data-and-publications/australias-global-resources-statement/australias-global-resources-statement.

Media contact:

Minister Pitt's office: 02 6277 7180