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Ten years of collaboration on African mining



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GARY GRAY MP

SHADOW MINISTER FOR RESOURCES SHADOW MINISTER FOR NORTHERN AUSTRALIA SHADOW SPECIAL MINISTER OF STATE MEMBER FOR BRAND

MEDIA RELEASE

TEN YEARS OF COLLABORATION ON AFRICAN MINING

The annual Africa Downunder Conference began in Perth yesterday, and Shadow Minister for Resources Gary Gray reflected on the progress that has been made in developing African natural resources, and the economic and social benefits flowing to the people.

“Just as WA has thrived from mining, this opportunity has presented itself to Africa, where an estimated 30 per cent of global mineral reserves reside”, said Gary Gray.

“We’ve seen some of the largest gas finds in decades off the coast of Mozambique and Tanzania, as well as significant onshore oil discoveries in Kenya and Uganda.

“Expectations for the hydrocarbons industry across East Africa are high and there is a real hope that discoveries will be commercialised, but there are still many challenges that need to be overcome.

“As a former Minister for Resources I encouraged Australian business to engage with the Extractive Industries Transparency Initiative (EITI) because good governance, transparency and goodwill eventually overcome the maleficent few who may seek to defraud.

“Importantly our combined efforts can do most to ensure efficient and effective resource development for the good of all citizens; it is essential in order to encourage foreign direct investment in African hydrocarbons”, said Gary Gray.

The Conference has been running for a decade and has coincided with a substantial increase in the political, diplomatic, commercial, strategic, and cultural ties between our continents. Gary will address the Conference at 3:45pm WST today.

THURSDAY, 4 SEPT 2014 MEDIA CONTACT: MONIQUE EARSMAN 02 6277 4913 / 0418 605 151