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Mining industry support for regional business



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House of Representatives

29 Jun 2018

Mining industry support for regional business

A new Inquiry into how the mining sector can support businesses in regional economies has been launched by the Innovation, Industry, Science and Resources Committee. The Chair of the Committee, Hon Barnaby Joyce MP, said the inquiry would consider how businesses in regional economies can benefit from the development of the mining sector.

“The economic benefits of the mining industry are not limited solely to the ‘big miners’. In any mining area there will also be a raft of businesses providing the mining operation with necessary goods, services, and logistics support. Ensuring that there is a close connection between where wealth is extracted and where it is spent is vital for regional economies”.

“The Committee will look at a range of issues that affect landholders and businesses in mining regions including the payment and royalty terms offered by mining businesses, barriers to involvement in mining industry procurement processes, and opportunities for suppliers to diversify into other locations and industries” Mr Joyce said. The terms of reference for the inquiry can be found on the Committee’s website. The Committee will be accepting submissions until Friday, 10 August 2018.

Media enquiries: Please contact Sam Woods at the Office of Hon Barnaby Joyce MP on (02) 6761 3080.

For background information: Standing Committee on Industry, Innovation, Science and Resources on (02) 6277 4114 or iisr.reps@aph.gov.au Interested members of the public may wish to track the committee via the website. Click on the blue ‘Track Committee’ button in the bottom right hand corner and use the forms to login to My Parliament or to register for a My Parliament account.