MCA supports Australia to remain attractive investment destination

Australian mining understands the challenge of addressing climate change and supports the Treasurer’s goal of ensuring the country remains an attractive investment destination.

The MCA and all of its members are taking serious action on climate change and are committed to the Paris Agreement and its goal of net zero emissions as well as the recommendations of the Taskforce on Climate Related Financial Disclosures.

The MCA’s Climate Action Plan highlights work across the many facets of the decarbonisation challenge, from development and deployment of new technologies required to reduce emissions, the development of raw materials to facilitate these technologies, and policies needed to enable the necessary transition.

The scale of the technology-led transformation required cannot occur without the minerals and raw materials provided by the mining industry.

Australian miners produce commodities that are indispensable to modern life, such as iron ore and metallurgical coal for steel, aluminium for aeroplanes and vehicles, zinc for galvanising steel, copper for computer circuitry and electric cars, nickel for stainless steel and batteries, rare earth elements for permanent magnets and medical devices, lithium for lightweight batteries, thermal coal and uranium for electricity, gold for aerospace and advanced medicine, and silver for telecommunications and solar panels.

The MCA applauds the Treasurer’s message that Australia should ‘not walk away from the very sectors of our economy that will need investment to successfully transition’.

Australia is the leading mining jurisdiction in the world. This is not just due to our outstanding natural resources, but built on the hard work of our people, solid partnerships with communities, investment in infrastructure and skills and government policies that promote a profitable and sustainable sector to encourage investment.

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