Red tape reduction necessary to boost WA’s mineral exploration and job creation

The Chamber of Minerals and Energy of Western Australia (CME) welcomes the State Government’s announcement to expand its red-tape reduction team, which will support the sector’s efforts to create more jobs for Western Australians.

CME Chief Executive Paul Everingham said the allocation of funding for more than 150 frontline officers across five agencies will relieve pressure on WA’s booming resources sector by speeding up project approval times while safeguarding environmental and heritage outcomes.

Mr Everingham said investment in exploration and efficient approval processes are critical to the mining sector, particularly during this current period of significant growth.

“There are around $140 billion in projects in the WA mining and resources sector pipeline. An inefficient approvals process restricts our ability to take full advantage of these, impacting job creation as well as the local and national economy,” he said.

“To provide context, a recent CME survey of 65 WA resources sector companies found that in 2019/20, the WA resources sector contributed $83 billion directly to the Australian national economy, including $52 billion to the WA economy alone.

“The sector also employed 94,000 full-time workers.

“Now, more than ever, it is critical to maximise the significant pipeline of opportunities to support the local and national economic as it recovers from the ongoing impacts of COVID-19 as well as create new jobs for WA locals.

“We will be monitoring the streamlined approval system closely and hope our members will see improved timeframes in the near future, enabling major projects to get underway more quickly and bringing forward much needed economic investment and job creation.”

/Public Release. This material comes from the originating organization/author(s)and may be of a point-in-time nature, edited for clarity, style and length. The views and opinions expressed are those of the author(s).View in full here.