The Association of Mining and Exploration Companies (Amec) welcomes the key minerals and high-tech metals strategy initiated by the Lieutenant Governor of New South Wales Paul Toole.
The strategy details the vision of realizing the economic potential of key mineral investment and delivery through four key actions, including establishing Australia's first key mineral center in the Midwest, promoting the exploration of key mineral resources, and activating the industry through active development of the supply chain, And to attract investment for key mineral resources, downstream processing and recovery.
The strategy includes further geological surveys to provide prospectors with better quality pre-competitive data, investigating the potential of copper production and other downstream processing opportunities for key minerals, and providing assistance for mining projects to complete the planning and approval process.
Toole stated that key minerals and high-tech metals such as cobalt, nickel and copper will play a vital role in making New South Wales the number one investment destination for mining and advanced manufacturing.
Toole said, “This is the key minerals. Minerals are vital to the manufacture of everything from electric vehicles to solar technology, and there are no readily available substitutes.”
"The strategy provides a clear vision of providing a key source of economic growth, diversifying the NSW royalties base, and creating future advanced manufacturing jobs in the NSW region.
"The world is racing to find, develop and establish a safe supply chain for these minerals and metals. This strategy will ensure that New South Wales can meet this demand."