Tag: Australia

New figures show that the return to the community from Australia’s mining industry has again hit record levels with a combined $43.2 billion in company tax and royalties paid in financial year 2020-21, a 16 per cent increase from the $37.3 billion contributed in the previous period. Company taxes paid reached a new record high of $26.5 billion and royalties also reached a high of $16.7 billion in 2020-21 contributing significantly to federal, state and territory governments at a time when they needed it most during the COVID-19 pandemic. The record company and royalties payments are highlighted in an Ernst & Young report commissioned by the Minerals Council of Australia (MCA) which also shows that in the last decade (between…

The Federal government is confident a new investment partnership with India can unlock mutual benefits for both countries from Australia’s world-leading critical minerals sector. Australia’s Minister for Resources and Water, Keith Pitt, has announced $5.8 million in funding to support a three-year Australia-India Critical Minerals Investment Partnership. “Australia and India are natural partners sharing mutual strategic and economic priorities and this Partnership will support further Indian investment in Australian critical minerals projects,” Minister Pitt said. “It is the first of its kind and represents a step-change in how countries can work together to support key industries and pursue growth opportunities. “Our combined capabilities will take on the challenge of resourcing the emerging technologies used in sectors such as defence, aerospace,…

The ‘Robotics & Automation in Mining’ conference ran over the 12th and 13th of October at Joondalup Resort in Perth. Speakers gave presentations on how automation in the resources sector will innovate practices and keep Australia a world leader in mining, while reducing harm and waste. The conference opened with a welcome to country from Shaun Nannup and addresses from WA’s Minister for Mines and Petroleum, Bill Johnston and conference chairperson, Dave Stevenson. The City of Joondalup was the proud official host of the event, with James Pearson the chief executive of the city delivering an address. The city recently announced that it is a significant step closer to its Urban Robotics and Automation Precinct, which will further its position…

Intertek (FTSE: ITRK) opened The Intertek Minerals Global Centre of Excellence, a world-class minerals laboratory in Maddington, southeast of Perth, on Thursday August 26, 2021. Intertek is a leading Total Quality Assurance provider to industries throughout the world with a network of more than 60 laboratories and offices in 25 countries. The newly opened will be Intertek’s largest, at 20,000m2. Previously, Intertek’s facilities and its 500+ employees in Perth were distributed across 11 sites throughout Maddington. This recent move will house Intertek’s staff in one location along with updated, state-of-the-art technology for assaying. The upgrades to technology, mostly through robotics and automation, will not only increase the capacity of The Centre but also increase the safety and wellbeing of staff.…