Australian Resources Minister Martin Ferguson has warned investment projects in the mining enterprises If you want to plan to continue to implement, it is necessary to control operating costs.
The latest research report released on Monday by the Australian Mining Committee pointed out that due to labor costs rose faster now has leapt to the world, Australia's cost advantage has declined. The rise in the cost of capital and energy transport costs continue to the mining enterprises under pressure, the report calls for more skilled migrants loudly and hope that the decision-makers of the Fair Work Act be adjusted accordingly to improve domestic productivity.
Ferguson pointed out, currently under construction, energy projects worth about 270 billion yuan, about 230 billion yuan in the project plan. He said: "there is the possibility of continuing investment boom, but we must first control the operating costs of these projects. Maximize investment opportunities, we must make sure to create an environment to attract more investment, so that the whole country will benefit. "Ferguson said Australia must always pay attention to the operating costs of the project, and concern potential investors may face challenges.
The federal government had already introduced a plan, plans to spend $ 30 billion to train more technical personnel to remove barriers to obtain environmental permits for mining enterprises, may bring in foreign workers to meet the challenges. Ferguson said: "We are the future income instead of relying on the ultra-high commodity prices, but raise the amount of exports of goods against the case of a cost-effective."
The Mining Committee's report also pointed out that the federal government is too concerned about the redistribution of wealth, so that they ignore the importance of the mining productivity.
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