Delegates at the Chamber of Minerals and Energy of Western Australia’ s (CME) 114th Annual General Meeting have discussed the tough operating environment facing the Western Australian resources sector.
CME Chief Executive Reg Howard-Smith said the forecast transition underway in the sector, from construction through to production had been exacerbated by volatile commodity prices.
“These dual challenges are making life tough for companies, employees and mining communities alike,” said Mr Howard-Smith.
“Western Australia must continue to improve its ability to attract future investment. Reducing the cost of doing business, and making our approvals system more efficient, together with a rebound in commodity prices, will deliver more activity locally,” said Mr Howard-Smith.
“Despite gloomy headlines, there are many companies producing, exploring and planning big things for the future,” said Mr Howard-Smith.
“Over the past decade Western Australia has benefitted enormously from the resources sector’s growth, delivering significant royalties and job opportunities. It’s important to note that the sector’s workforce has more than doubled in ten years,” said Mr Howard-Smith.
Industry will be closely watching next month’s State and Federal Budget’s for commitments which address the cost burden faced by industry.
“Our future pipeline of resource projects is dependent on having the right investment environment and utilising our competitive and natural advantages,” said Mr Howard-Smith.
“Now in its 114th year, CME’s membership remains strong. Whilst the challenging operating environment across the sector has put pressure on CME’s membership, it is pleasing to see both the stability and diversity of membership ongoing,” said Mr Howard-Smith.
Cameco’s Brian Reilly was also endorsed for another term as CME President.
