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Resourceful Australia?

World Copper Supply & Demand Shifts

The world’s copper market is expected to see a significant surplus over the next two years says the latest forecast from the International Copper Study Group (ICSG). The Group said…

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Aurelia Metals Green Lights Aussie Copper Mine

Australian mining and exploration company Aurelia Metals with two existing mines in  the Cobar Basin in New South Wales will now develop the Great Cobar copper mine. The project involves…

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Rare Child Cancer Sees Possible Copper Cure

Survival from a rare but deadly childhood cancer could improve by applying an existing drug that’s currently used to manage excess copper in the body says Australian study. The drug…

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Artificial Intelligence And Copper: Pulse Briefing #1

The International Copper Association Australia has launched the first of its Pulse Briefings, a series designed to showcase the latest innovations across the resources sector. The first Briefing takes a…

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September 20, 2024 · Commodity, General, John’s Blog, Mining

A new report from the Minerals Council of Australia is timely, given its argument that mining investment will continue to play a vital role in the country’s future, but only if managed properly.

The study—Minerals-plus:An investment strategy for a resource intensive future—covers a lot of ground but argues there’s been a “seven-year stagnation in mining capital”, adding its urgent we get it flowing again if we want to continue to be a productive, green and global economy.

It’s a reminder, I think, of how important mining has been to Australia, fundamentally underpinning our way of life. As the Australian Financial Review said recently, “Mining has made all Australians prosperous, not just miners”.

And adding—“Australian politicians and voters don’t always fully grasp where our good fortune comes from”. I think that’s true, but it doesn’t mean we can’t find common ground. 

One way to do that says the Minerals Council of Australia (MCA) is to overcome a “challenging business environment” to encourage development of the many potential projects we already have here. 

That’s certainly true for copper.  The country has plenty of major resources right across the spectrum from major mines to promising finds to exploration, but where the production potential has not been fully tapped.

The MCA says government can help. They suggest policies like internationally competitive tax settings, expanded trade and investment opportunities and faster environmental planning can improve the mining environment. I agree.

As the country moves toward Net Zero this is going to become even more urgent given that critical metals like copper or nickel will be absolutely necessary to help get us there.  

Finding the middle path between too much regulation and too little has always been a challenge. The MCA report makes clear that we need to get that right as the world decarbonises and electrifies, but it’s also clear that government and the community need to be part of the solution too.

Cheers, John Fennell

Report: https://minerals.org.au/wp-content/uploads/2024/08/Minerals-Plus__FINAL_September-2024.pdf

Featured

World Copper Supply & Demand Shifts

The world’s copper market is expected to see a significant surplus over the next two years says the latest forecast…

Read More

Aurelia Metals Green Lights Aussie Copper Mine

Australian mining and exploration company Aurelia Metals with two existing mines in  the Cobar Basin in New South Wales will…

Read More

Rare Child Cancer Sees Possible Copper Cure

Survival from a rare but deadly childhood cancer could improve by applying an existing drug that’s currently used to manage…

Read More

Artificial Intelligence And Copper: Pulse Briefing #1

The International Copper Association Australia has launched the first of its Pulse Briefings, a series designed to showcase the latest…

Read More

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