Subscribe free to our newsletters via your
. Military Space 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








TRADE WARS
British home secretary introduces bill to fight 'modern slavery'
London (UPI) Aug 27, 2013
The sexual exploitation and forced labor of adult and child "slaves" in Britain will be tackled in a new bill, Home Secretary Theresa May says. May, writing in The Sunday Times, said she will introduce a "modern slavery" bill to help eradicate an "evil in our midst" six months after a major study concluded that political indifference and ignorance among police and social workers was hel ... read more


TRADE WARS
Modernized Patriot system aces PAC-3 test

US missile shield safeguards not enough for compromise

LockMar Receives Contract Modification For PAC-3 Missiles

Rafael gears up for Israel's new defense era

TRADE WARS
New Iran launchpad for ballistic missile tests: experts

Raytheon receives contract for advanced Standard Missile-3

US Army and USAF intercept cruise missile for first time with JLENS-guided AMRAAM

Rolling Airframe Missile Block 2 completes initial fleet firing

TRADE WARS
Yemen asked US for drones: president

Puma AE Small Unmanned Aircraft Achieves Continuous Flight for More Than Nine Hours

US Air Force lacks volunteers to operate drones

MQ-8B Fire Scout Unmanned Helicopter Passes 5,000 Flight Hours In Afghanistan

TRADE WARS
New Military Communications Satellite Built By Lockheed Martin Launches

US Navy Poised to Launch Lockheed Martin-Built Secure Communications Satellite for Mobile Users

Northrop Grumman Moves New B-2 Satellite Communications Concept to the High Ground

Canada links up on secure U.S. military telecoms network

TRADE WARS
Israel restarts Merkava tank production

Blast at US naval station wounds eight: officers

Boeing Reaches 250,000-Kit Milestone for JDAM Weapon Program

Boeing EMARSS Aircraft Begin US Army Flight Tests

TRADE WARS
Japan eyes defence budget increase, Marines-like unit

Shrinking defense budgets affect military aircraft industry

Offices of German defense contractors raided in Greece bribe probe

Lithuania to extradite Russian to US in arms case

TRADE WARS
China warns US against meddling in Hong Kong politics

Hagel issues warning over Asian maritime disputes

Russia to deploy jets to Belarus

Japan irritated by comments from UN's Ban

TRADE WARS
Toxic nanoparticles might be entering human food supply

Plasma-treated nano filters help purify world water supply

Graphene nanoscrolls are formed by decoration of magnetic nanoparticles

New tests for determining health and environmental effects of nanomaterials




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - 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