. Energy News .




TRADE WARS
Western Australia ready to assist Africa's mining sector
by Staff Writers
Perth, Australia (UPI) Aug 29, 2013


disclaimer: image is for illustration purposes only

Resource-rich Western Australia has signaled it wants to work with African governments to help boost their mining industries.

Western Australia Premier Colin Barnett told The Australian newspaper he was willing to offer the state's advice to Africa on mining laws, tax regimes, tenement schemes, tax systems and environmental and safety measures similar to Australia.

Barnett noted that Africa has about 30 percent of the world's minerals reserves, but the continent needs to improve the regulation of the mining sector.

While Western Australia is the biggest mining economy in the world, Barnett told the newspaper, "the state's long-term future is not only here, it's also in being part of Africa's development."

Australian Prime Minister Kevin Rudd said in late June that the China-led resources boom was over, and that Australia needed to find growth elsewhere. A slowdown in China's growth has led to a weakened demand and a slump in prices of key commodities.

More than 40 percent of Australian mining occurs in the state of Western Australia.

"For many years, people in the mining industry in Australia, and in government, have seen Africa as a threat, Barnett told The Australian. "I don't happen to share that view. I think Africa is more of an opportunity than a threat."

Barnett also had the same message in his speech at the Africa Down Under conference this week in Perth, an event which drew about 2,000 delegates, including 15 African mining ministers.

Noting that Western Australia's mining industry has had its share of mistakes and failures since its infancy in the 1890s, Barnett said there is much that can be taken from those experiences and applied to African nations.

"The one thing that none of us can do is give away a mineral or hydrocarbon for no price," the premiere advised the group, emphasizing that "the host nation derives a fair return for the minerals and petroleum resources owned by that nation."

As for the issue of mining royalties, Barnett noted that Western Australia collects $4.2 billion a year.

"The industry will often describe that as a tax," he said. "It is not a tax. It is the price you pay to acquire a publicly owned, government-owned natural resource."

Currently, he said there are 197 Western Australian companies involved in African mining.

Also speaking at the conference, Australian Foreign Affairs Minister Bob Carr on Wednesday said that the bulk of business between Australia and Africa was not resources extraction, but knowledge transfer.

But he said Australian companies were well positioned to assist their African counterparts in extraction services, as well as operational transparency in the resources sector.

.


Related Links
Global Trade News






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review

Newsletters :: SpaceDaily Express :: SpaceWar Express :: TerraDaily Express :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

Get Our Free Newsletters
Space - Defense - Environment - Energy - Solar - Nuclear

...





TRADE WARS
China details charges against foreign fraud investigators
Shanghai (AFP) Aug 27, 2013
Chinese state television put two foreign fraud investigators on display Tuesday as police announced they had been charged with illegally obtaining personal information. Police in Shanghai have arrested British national Peter Humphrey and his wife Yu Yingzeng, an American citizen, the Ministry of Public Security said in a statement. They are accused of obtaining personal information and s ... read more


TRADE WARS
Map carved onto surface of ostrich egg may be oldest showing New World

Thai villagers mistake Google worker for government snoop

Norway says no to Apple request to photograph Oslo for 3-D maps

Africa's ups and downs

TRADE WARS
Satellite tracking of zebra migrations in Africa is conservation aid

'Spoofing' attack test takes over ship's GPS navigation at sea

Orbcomm Globaltrak Completes Shipment Of Fuel Monitoring Solution In Afghanistan

Lockheed Martin GPS III Satellite Prototype To Help Cape Canaveral Air Force Station Prep For Launch

TRADE WARS
To protect Amazon, Colombia enlarges nature reserve

Brazil Amazon town takes a stand against deforestation

Rising deforestation sparks concern in Brazil Amazon

One tree's architecture reveals secrets of a forest

TRADE WARS
Canadian scientists unravel camelina biofuel genome

New possibilities for efficient biofuel production

Microbial Who-Done-It For Biofuels

Microorganisms found in salt flats could offer new path to green hydrogen fuel

TRADE WARS
WINAICO Unveils Triple Black Module in US Market

Solar Microinverter Shipments to Quadruple

First Solar Sells Canadian Power Plants to GE-Alterra Partnership

Texas Has The Largest Solar Potential In The Country

TRADE WARS
No evidence of residential property value impacts near US wind turbines

French court rejects planned wind farm near Mont Saint Michel

China to Remain Wind Power Market Leader in 2020

Localized wind power blowing more near homes, farms and factories

TRADE WARS
India's 'Coalgate' deepens

Australia's coal sector enduring toughest operating environment

Greenpeace warns water pollution from German coal mining on the rise

Greenpeace says Chinese coal company exploiting water

TRADE WARS
China's Bo show likely condoned by officials: analysts

Defiant Bo denies bribery charge as China trial opens

UW geographer devises a way for China to resolve its 'immigration' dilemma

Bo Xilai: rise and fall of a political star in China




The content herein, unless otherwise known to be public domain, are Copyright 1995-2012 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement