Sign Up
..... Connect Australia with the world.
Categories

Posted: 2024-08-05 08:49:03

In short: 

Peter Dutton has softened his criticism of support for the critical minerals industry on a multi-day visit to WA.

The state is a critical battleground, and concerns are growing over job losses in sectors like lithium mining.

What's next?

All eyes are on when Mr Dutton plans to unveil the Coalition's own plan to support the industry.

Opposition Leader Peter Dutton has softened criticism of planned federal government tax supports for critical minerals projects that he slammed in May as "billions for billionaires".

Speaking at WA's Dealers and Diggers resources industry conference in Kalgoorlie on Monday, Mr Dutton said that since the budget he had been having "respectful" discussions with "significant players" and companies in the sector about the issue.

"There are some who are in favour, some who are against it, some who advocate for a better way for support and assistance to be provided," he said.

"In the end, we've got finite tax dollars. I want to make sure that we can provide support."

"We'll have more to say about ways in which I think we can provide support to some of the sectors."

Dutton out to woo the west

Mr Dutton's remarks come amid a multi-day visit to the west, where he has conceded the Liberal Party has a lot of rebuilding to do, with local media reports saying the Coalition's stocks have slipped in the state.

Joining Mr Dutton on his trip for a rare appearance was his wife Kirilly, who hails from Perth.

"[She] is very proud of her WA origins," he said on Sunday, adding he felt "very much at home" in the "amazing" state and felt it shared "a great affinity" with his home state of Queensland.

That affinity is not reflected on the electoral map. Prime Minister Anthony Albanese's majority in the 2022 federal election was buttressed by a thumping result in WA netting three seats, and both sides regard the resources heavyweight as a crucial battleground in the coming campaign.

In May Labor unveiled a $7 billion plan to provide a 10 per cent tax credit to critical minerals companies that developed downstream processing, as part of a broader $22.7 billion Future Made in Australia package.

Minerals industry under pressure

The sector has been slammed in recent weeks because of a collapse in global prices as supply from China floods the market.

View More
  • 0 Comment(s)
Captcha Challenge
Reload Image
Type in the verification code above