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Current waves: Mining

Growth strategies for Australia

Mining will continue as a major driver of our prosperity over the next two decades and beyond.

 
Stephen Reid discusses 
[00:56 secs]

Get your copy of Positioning for prosperity? Catching the next wave

We still hold plenty of aces

Mining will continue as a major driver of our prosperity over the next two decades and beyond. As BHP Billiton CEO Andrew Mackenzie recently said, “Global demand for commodities is expected to grow by up to 75% over the next 15 years as 250 million more people move from the Chinese countryside to cities and Asia’s middle class approaches 3 billion.”(1) . We have exceptional potential to win a large share of that growth.

Source: (1) Mackenzie, Andrew, CEO BHP Billiton, Speech to the Asia Society, Melbourne, 7 August 2013.

Positioning for prosperity?

There are many reasons to be hopeful about Australian mining’s future, but there is also work to do to ensure we maintain our leadership:

  • How can we rebuild our reputation for regulatory stability to win back the confidence of international investors and potential partners?
  • Can we review the breadth and complexity of regulations around mining, to ensure they are efficient and valuable?
  • How can we make our infrastructure more efficient and effective, including avoiding the duplication of non-competitive facilities such as ports and rail?
  • Are there ways to mitigate concerns about coal, such as further investment in clean coal technologies?
  • Could miners explore new funding models to improve cost competitiveness, such as divesting assets to infrastructure funds?

Talk to our experts

Stephen Reid, National Leader Mining Stephen Reid
National Leader, Mining
Tel: +61 3 9671 7506
Email

 

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Deep dive

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