{"id":8046,"date":"2021-09-07T10:07:00","date_gmt":"2021-09-07T00:07:00","guid":{"rendered":"http:\/\/yinghuiinternational.com\/?p=8046"},"modified":"2021-09-12T10:09:26","modified_gmt":"2021-09-12T00:09:26","slug":"wa-govt-outlines-resources-priorities-with-strategic-report","status":"publish","type":"post","link":"https:\/\/yinghuiinternational.com\/index.php\/2021\/09\/07\/wa-govt-outlines-resources-priorities-with-strategic-report\/","title":{"rendered":"WA Govt outlines resources priorities with strategic report"},"content":{"rendered":"\n
\"resources\"\/<\/figure>\n\n\n\n

The Western Australian Government has released its mineral and petroleum resources development strategy, prioritising six points including regional areas, exploration and streamlined approvals.<\/p>\n\n\n\n

The first strategic priority is to cement the state as a leading global destination for exploration investment.<\/p>\n\n\n\n

The report stated this will be achieved through the Government\u2019s Exploration Incentive Scheme (EIS) which has generated $31 million in benefits to the State for every $1 million invested in the scheme.<\/p>\n\n\n\n

Minister for Mines and Petroleum Bill Johnston said the Government must tend to several issues to encourage further investment.<\/p>\n\n\n\n

\u201cCentral to this strategy is promoting our comparative advantages and investment opportunities, catering for current and future skills gaps, facilitating access to infrastructure, and investing in research and development,\u201d Johnston said.<\/p>\n\n\n\n

Research and development are discussed in the report\u2019s fourth strategic priority: an evolving industry.<\/p>\n\n\n\n

The report acknowledges the industry\u2019s shift towards different commodities and parts of the supply chain, such as precious metals refinery.<\/p>\n\n\n\n

The report uses Alcoa and South32\u2019s alumina operations, IGO\/Tianqi Lithium\u2019s Kwinana facility, and BHP\u2019s Nickel West battery metal supply<\/strong> as examples of the state\u2019s ability to facilitate future-focussed mining and minerals operations.<\/p>\n\n\n\n

\u201cWe expect demand for WA\u2019s minerals to continue to grow, driven by the global transition to a low-carbon future and an increasing demand for electric vehicles,\u201d Johnston said.<\/p>\n\n\n\n

A major push to effectively regulate the industry was also a feature of the report, with multiple strategic priorities relying on the state doing so.<\/p>\n\n\n\n

\u201cThe State Government recognises that an efficient and effective regulatory framework is essential for providing industry with the certainty required to make investment decisions, and is committed to support measures to streamline regulation while not compromising on environmental and social standards,\u201d the report stated.<\/p>\n\n\n\n

The most recent of the Government\u2019s efforts in this area came in the form of Streamline WA which was launched in 2018 to enable easier business across the state.<\/p>\n\n\n\n

The report also gave examples of major operations given the go-ahead in recent years.<\/p>\n\n\n\n

\u201cThe ability of Western Australia\u2019s regulatory system to allow for the expeditious approval of new mining operations has been demonstrated in recent years through the development of mines including IGO Limited\u2019s Nova nickel-copper-cobalt project and Beacon Minerals Limited\u2019s Jaurdi gold project,\u201d the report stated.<\/p>\n\n\n\n

Western Australian Premier Mark McGowan said the opportunities were significant for the State\u2019s resources sector and wider economy.<\/p>\n\n\n\n

\u201cThe opportunity to continue to grow and diversify our resources sector as a significant contributor to global advancements in the digital age, and the shift to reducing greenhouse gas emissions, are immense, and are expected to continue to provide outstanding economic and social benefits to the community well into the future,\u201d McGowan said.<\/p>\n\n\n\n

To read the report and learn more about WA\u2019s resources strategy, click here<\/a>.<\/p>\n\n\n\n

To keep up to date with Australian Mining, subscribe to our free email newsletters delivered straight to your inbox. Click here.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Western Australian Government has released its mineral and petroleum resources development strategy, prioritising six points including regional areas, exploration and streamlined approvals. The first strategic priority is to cement the state as a leading global destination for exploration investment. The report stated this will be achieved through the Government\u2019s Exploration Incentive Scheme (EIS) which … Continue reading “WA Govt outlines resources priorities with strategic report”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[3,180,6,7],"tags":[],"class_list":["post-8046","post","type-post","status-publish","format-standard","hentry","category-big-data","category-go-australia","category-mines-and-quarry","category-news"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p83F9T-25M","jetpack-related-posts":[{"id":3155,"url":"https:\/\/yinghuiinternational.com\/index.php\/2018\/09\/27\/hail-victoria-the-new-five-year-state-plan-for-mining\/","url_meta":{"origin":8046,"position":0},"title":"Hail Victoria: The new five-year state plan for mining","author":"yinghui","date":"September 27, 2018","format":false,"excerpt":"Australian Mining\u00a0looks over the latest mineral resources strategy from the Victorian Government, which aims for a spend of $220 million over the next five years. 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