Council welcomes NSW Premier’s push for streamlining mining approvals
JOHANNESBURG (miningweekly.com) – The New South Wales (NSW) Minerals Council has welcomed Premier Barry O’Farrell’s push for a streamlined state and federal approvals process, saying this was an important step in delivering better economic outcomes for the state, without compromising environmental standards.
NSW Minerals Council CEO Stephen Galilee, on Wednesday, said the Commonwealth had, in 2012, reneged on its commitment to pursue this reform.
“It is now time for all parties to return to the table and get it done. In the meantime, the NSW government’s current review of its own planning system is an opportunity to deliver real improvements to approvals processes for major NSW projects.”
He added that the current complicated NSW approvals assessment system was holding the state back. “Action is needed to fix this mess, which is threatening investment and putting jobs at risk.”
The NSW Minerals Council cited research done by PricewaterhouseCoopers, which had found that delays in the NSW planning system came at a significant economic cost. The research found that delays of 12 months or more to mining assessment times would cost the state 29 000 jobs, $10.3-billion in lost investment and $600-million a year in lost mining royalties over the next 20 years.
“The NSW planning system is the state’s biggest roadblock to investment. NSW will pay a high economic price if mining projects continue to be subjected to lengthy assessment delays.
“To avoid an economic body blow of this magnitude, the NSW government needs to replace the current broken planning system with a more efficient system that provides certainty and consistency for mining projects,” said Galilee.
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