Industry players have reacted to the results of this weekend’s Federal election.
Fortescue founder and executive chair Andrew Forrest was quick to welcome Prime Minister Anthony Albanese’s win.
“This result sends a clear and unequivocal message: Australians will back and support policies that recognise the economic opportunities which come from acting on the existential threat of climate change,” he said.
“It shows that any party which seeks to govern this country must have a serious and credible plan to confront the climate crisis.”
Forrest said he is looking forward to working with Albanese to deliver “practical outcomes for every Australian”, particularly those built on the back of a prolific green iron industry.
“In a turbulent world, Australia remains a strong, principled and pragmatic voice. We must now use that voice to back science, seize the green energy opportunity, and strengthen our role in the world with compassion, ambition and purpose,” he said.
“Green iron can be the biggest industry Australia has ever built. Let’s start in the Pilbara this decade – with investment, markets and skills.”
The Association of Mining and Exploration Companies (AMEC) also welcomed Labour’s election win, namely as it ensures that the legislated $7 billion Critical Minerals Production Tax Incentive (CMPTI) will go ahead.
AMEC chief executive officer Warren Pearce said this will help level the playing field with global competitors and provide the certainty investors need to commit to major downstream processing projects in Australia.
“We are ready and willing to work constructively with the returned Albanese Government to deliver the minerals and metals critical to Australia’s prosperity and the global energy transition,” Pearce said.
“With a mandate now secured, it is time for action on key policy initiatives that will support long-term investment and drive Australia’s international competitiveness, especially in critical minerals.”
