MYEFO message to NSW: get serious about project approvals

December 17, 2013

The strong message for the NSW Government out of today’s MYEFO report is that the mining approvals process in our state must be improved to generate economic activity and growth and avoid losing more NSW mining jobs.
 
During his address to the National Press Club, the Federal Treasurer, the Hon. Joe Hockey said:
 
‘It is also the case that we need to speed up mining approvals so that we don’t have delays that may cause investors to have second thoughts about projects…’
 
The Federal Treasurer’s comments regarding the need to address delays in the mining approvals process is supported by the Australian Workforce and Productivity Agency Report released yesterday that confirms that employment in construction on major projects is tipped to fall dramatically under 'business as usual' conditions due to a decline in approvals for major projects.
 
The message for NSW is clear – support faster approval of job-creating projects that underpin a strong economy.

"Mining in NSW has had a tough 12 months, with a fall in commodity prices, a high Australian dollar and deep uncertainty about the NSW planning system," according to NSW Minerals Council CEO Stephen Galilee.  
 
"Around 3000 coal mining jobs have been lost in NSW in the last twelve months alone, more than Holden will lose over the next four years across SA and Victoria, yet these NSW mining job losses barely rate a mention." 
 
"MYEFO confirms more major project approvals are needed to sustain economic growth and protect jobs at the state and national level."
 
"Is the NSW Government serious about doing its share to help rescue the economy?" Mr Galilee said.
 
 
Contact: Chris Rath crath@nswmining.com.au or 0409 758 734

More News

Hunter business leaders call for mining acti..

November 19, 2013

Ampcontrol CEO and Managing Director Geoff Lillis has called on the NSW Government to develop a pro-active strategy for the mini...

Court ruling on Mount Thorley Warkworth

April 07, 2014

The decision by the Supreme Court to uphold the overturning of Rio Tinto’s planned Mount Thorley Warkworth modification embodies...

OPINION: Greens war on coal threatens economy

January 28, 2016

In the early 1990’s, a harsh drought and a change in Australian Government policy sent the price of wool crashing through the fl...

Sign up for more information and Updates from NSW Mining