Australian Miners Tell Canberra: Get on with Your Job

Australia’s new Prime Minister Scott Morrison is the sixth leader of the land down under in 10 years, with former Prime Minister Malcolm Turnbull removed from the top job by his own party following a conservative “insurgency” over the course of a week.

The latest bout of political upheaval in what has become known as the land of the bloodless coup has miners across one of the world’s premier mining destinations gently encouraging politicians to not do that again.

“The Australian minerals sector encourages stable government following the Liberal Party leadership change,” said the Minerals Council of Australia on Friday (August 24), the day Morrison took power.

The council, which is Australia’s top mining lobby group, strongly implied that it would like the government to return to matters at hand that it wanted to talk about, like “a competitive investment environment and less red tape” instead of engaging in anything like the last week in Australian politics, wherein the government was consumed by infighting and not actually running the country.

Top mining and energy bodies in the two primary mining states — Queensland and Western Australia also piled on, although mostly with praise for Morrison.

“Scott Morrison knows what makes regional Queensland tick, and he understands the importance of our most valuable industries — like resources,” said Queensland Resources Council chief executive Ian Macfarlane, who himself is a former member of the governing Liberal Party.

“In recent times we’ve seen him make several visits to some of our resources heartlands in Central and North Queensland. And we know he’s a fan of the coal industry, which he proved on the floor of Parliament,” he said, adding that Morrison’s previous position as federal treasurer meant he knew the value of the resources industry.

The Chamber of Minerals and Energy of Western Australia was less warm and more blunt in the headline for its own release, titled “Stability Essential for Western Australian Mining Sector.”

The Chamber’s release still heaped praise on Morrison on his promotion, before elaborating on its title at the end by urging “both sides of politics to return its focus to securing Australia’s economic future.”

Chief executive of the chamber, Paul Everingham, said: “The resources sector thrives on political certainty and I encourage all political parties to return their focus to the development and implementation of sound economic and social policy.”

Australia is widely regarded as one of the world’s premier mining destinations, with resources exports accounting for 53 percent of all exports in 2017, according to the Minerals Council of Australia.

Overall, the markets were mostly unmoved by shenanigans in Canberra, with Australians pretty used to waking up to a new Prime Minister since it became a national pastime for governing parties to knife their own leaders in 2010 — a process that has now been repeated 4 times.

Don’t forget to follow us @INN_Resource for real-time updates!

Securities Disclosure: I, Scott Tibballs, hold no direct investment interest in any company mentioned in this article.

When Will Australia Legalise Recreational Cannabis?

Recreational cannabis remains illegal in all Australia’s states and territories with the exception of the Australian Capital Territory (ACT). But could that change in the future?

So far there are no clear indicators as to when or if Australia could legalise recreational cannabis, but attitudes seem to be changing. Public support is growing, and there’s even some political acceptance.

Read on to learn more about when Australia may legalise recreational cannabis.

Keep reading... Show less

Data Review Enhances Prospectivity at Galan’s Greenbushes South Lithium Project

Highlights:

  • CSIRO’s historical datasets show prospectivity for Galan’s Greenbushes South Lithium Project
  • Historical laterite geochemistry data collected prior to mining at Greenbushes
  • Elevated abundances of pathfinder elements display a well-defined anomaly adjacent to Greenbushes South
  • Dispersion of elements into the laterite profiles include arsenic, tantalum, tin and antimony among others
  • Galan to commence sampling and mapping at Greenbushes South next month

Galan Lithium Limited (ASX: GLN) (Galan or the Company) is pleased to announce that it has completed a review of historical CSIRO data which enhances the prospectivity of its Greenbushes South Lithium project.

Keep reading... Show less

Data Review Enhances Prospectivity at Galan’s Greenbushes South Lithium Project

Highlights:

  • CSIRO’s historical datasets show prospectivity for Galan’s Greenbushes South Lithium Project
  • Historical laterite geochemistry data collected prior to mining at Greenbushes
  • Elevated abundances of pathfinder elements display a well-defined anomaly adjacent to Greenbushes South
  • Dispersion of elements into the laterite profiles include arsenic, tantalum, tin and antimony among others
  • Galan to commence sampling and mapping at Greenbushes South next month

Galan Lithium Limited (ASX: GLN) (Galan or the Company) is pleased to announce that it has completed a review of historical CSIRO data which enhances the prospectivity of its Greenbushes South Lithium project.

Keep reading... Show less

AIS Resources’ Australian Yalgogrin Gold Project’s first drill hole returns gold intercepts averaging 1.5g/t over 87 meters including 0.9 meters at 9.3 g/t

A.I.S. Resources Limited ( TSX: AIS, OTCQB: AISSF ) (the “Company” or “AIS) reports that the assay analysis from YDD1 at Neighbour’s Farm historic mine workings, the first diamond drill hole at its Yalgogrin Gold Project, NSW, Australia has been completed by SGS Australia. Extensive gold mineralisation was intersected from 58m through to the end of hole at 162.3m with gold mineralisation remaining open at depth and returning gold Intercepts over 87m averaging 1.5gt. The best individual grades returned up to 9.3 gt Au that are supported by consistent mineralisation hosted within the altered rock mass.

A summary of the intervals and average assays is set out below from the top of the core:

Keep reading... Show less

Resolution Minerals Ltd Drilling Program at Sunrise Gold Prospect Completed

Adelaide, Australia (ABN Newswire) – Resolution Minerals Ltd (ASX:RML) (FRA:NC3) is pleased to announce that it has completed the Company’s first drilling program on the Sunrise Gold Prospect at the 64North Project in Alaska. Drilling was conducted along an existing access road, targeting outcropping granite hosted mineralisation, analogous in style to Kinross’s Fort Knox Gold Mine, which is one of Alaska’s most profitable mines. The Sunrise Prospect was identified in 2020 by a RML trenching program and is located less than 5km from Northern Star’s operating Pogo Gold Mine.

Summary

– A 1400m long “fence line” of 27 shallow RAB drill holes designed to test outcropping mineralisation at the Sunrise Prospect has been completed.

Keep reading... Show less

Top News

Related News