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Tag: MCA

Mining sector fights threat to fuel tax credits

Written by dev on . Posted in All News.

Mining groups have hit back at a push to abolish the federal diesel fuel tax credit scheme, saying it would harm industry competitiveness.

The Australian Greens have stepped up calls for the change after reports the Labor Environment Action Network was campaigning for Treasurer Jim Chalmers to strip miners of the tax credits.

Association of Mining and Exploration Companies (AMEC) chief executive officer Warren Pearce said this targeted campaign to cut the scheme should not be viewed as a way to fix holes in the federal budget.

“Diesel. . .

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Mining earnings stand firm as economy slows

Written by dev on . Posted in All News.

The latest data from the Australian Bureau Statistics confirms the importance of the mining industry to the Australian economy, says the Minerals Council of Australia.Despite the overall economy contracting, mining industry GDP increased 4.9 per cent in 2019-20 and totalled $202 billion, MCA chief executive officer Tania Constable said.

This made mining Australia’s largest industry, with a 10.4 per cent share of the economy.

"In a year where the nation has been affected by the COVID-19 pandemic, the mining industry has been a pillar of stability," Ms Constable said.She said there were 240. . .

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