LABOR’S DIRECTIONLESS CRITICAL MINERALS POLICY FORGETS FUNDAMENTALS

Shadow Minister for Resources, Senator Susan McDonald has questioned the Albanese Government’s genuine desire to back Australian critical mineral interests, saying today’s funding announcement in Gladstone does not reverse the policy failures of the last two years.

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COPPER AT RISK DUE TO LABOR’S DELAY

After watching Australia’s nickel crisis unfold in January this year, thanks to the Government’s lack of direction in the critical minerals sector, Australia’s copper industry is now under threat.

Senator Susan McDonald, Shadow Minister for Resources, repeated earlier warnings that the Labor Government has been sitting on their hands expecting critical minerals  investors to rush to Australia – which is not the reality of the situation.

Senator McDonald said that “thanks to an expansion of international smelters, copper processing prices have plummeted to lows not seen since the global financial crisis, and international jurisdictions are scrambling to secure supply chains for the mineral.

“I have repeatedly called on the Government to include copper, and many other minerals on the critical minerals list in order to secure international supply chains with partner nations.

“We saw in January the impacts of the Government’s delays, with Australia’s nickel industry suffering major setbacks and the potential for hundreds of Australia workers to lose their jobs.

“If the same situation unfolded for copper, it could be devastating for the future of our critical minerals sector.

“Thanks to Albanese’s anti-business agenda, the resources sector is struggling, despite continuing to prop up Labor’s big-spending budgets.

“Industrial relations laws, skyrocketing input costs following government interventions,  and complicated, burdensome regulatory requirements are stifling investment, yet Labor continues to ignore industry whilst naively assuming that investors will continue to pour money into Australian projects.

“Our minerals will not mine themselves, and it is time for Labor to take real action to support the resources sector, and recognise that critical minerals are not simply inputs for renewables, but are vital for a broad range of uses.”

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60 PER CENT OF PIPELINE OF IRON ORE, COAL AND GAS PROJECTS UNDER THREAT FROM LABOR’S BAD DECISIONS

Shadow Resources Minister, Senator Susan McDonald, has slammed a weak Prime Minister unable to control his Ministers from making bad decisions that have undermined our resources sector and put investments in new major projects under threat.

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CRITICAL MINERALS UPDATE TOO LITTLE, TOO LATE, AS LABOR CONTINUES TO SQUANDER AUSTRALIA’S POTENTIAL

Shadow Resources Minister, Senator Susan McDonald, has warned the Government that despite their update to the Critical Minerals and Strategic Materials Lists, Australia risks losing investment in critical minerals due to Labor’s lethargy.

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LABOR’S CLIMATE TRIGGER EMBRACE DANGEROUS FOR AUSTRALIA

Federal Environment Minister Tanya Plibersek’s decision to reassess approvals for 18 major coal and gas projects marks the introduction of a ‘climate trigger’ by stealth – and a dangerous moment for Australia.

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LABOR’S ANTI-RESOURCES BUDGET CUTS GAS AND CRITICAL MINERALS FUNDING

Shadow Minister for Resources and Northern Australia, Senator Susan McDonald, criticised Labor’s treatment of the resources sector in its Federal Budget, slamming anti-development policies that would severely erode investor confidence and do nothing to help ease costs of living.

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LABOR’S SMOKE-AND-MIRRORS BUDGET CUTS TO CRITICAL MINERALS FUNDING

Shadow Minister for Resources, Senator Susan McDonald has slammed Labor’s announcement of $100 million in budget cuts to the $200 million Critical Minerals Accelerator Program introduced by the Coalition earlier this year, all while pretending the funding is new.

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