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Supporting Australia’s resources sector

Our resources, mining, equipment, technology and services sectors are some of Australia’s strongest economic performers. They generate more than half of Australia’s goods exports and provide significant opportunities including:

  • economic wealth
  • jobs and high wages
  • Investment and tax revenues
  • high-quality reserves of several mineral and energy commodities
  • a skilled, experienced workforce
  • innovative technologies
  • best practice regulations and operations that bolster business and encourage investment

Social, economic and technological transformation present new challenges for the sector. Future success relies on working smarter, safer, cleaner and more efficiently than our competitors.

National resources policy framework

The government’s vision is to have the world’s most advanced, innovative and successful resources sector. One that delivers sustained prosperity and social development for all Australians.

We’ve developed the National Resources Statement to support this vision. Our 5 key goals:

  • deliver the most globally attractive and competitive investment destination for resources projects
  • develop new resources, industries and markets
  • invest in new technologies and approaches, especially to deliver better environmental outcomes
  • create well-paid, secure jobs
  • support communities to ensure they receive benefits from the development of Australian resources

This policy framework builds on the recommendations of the Resources 2030 Taskforce Report.

Australia’s Critical Minerals Strategy is a key part of this plan. It highlights the investment, innovation and infrastructure activities we are delivering to position Australia as a world leader in critical minerals.

Australia's National Hydrogen Strategy aims to build a clean, competitive and innovative hydrogen industry as a major global player by 2030.

Australia's National Resources Workforce Strategy builds on the government’s significant investments in education reform, skills packages and job support.

Australia's Global Resources Strategy promotes the Australian resources sector. It supports Australia to be the most globally attractive and competitive investment destination. 

Our role in supporting the resources sector

We develop policy, interventions and projects to:

  • support sustainable development of the resources sector
  • increase investment
  • encourage innovative technologies

We promote the resources sector by:

See the full list of activities and strategies in our Corporate Plan under Resources.

Exchanging information and expertise

The government participates in a number of intergovernmental initiatives and forums to exchange information and expertise:

We regularly consult with Australia’s major trading partners, industry and stakeholders to help identify commercial opportunities for Australian businesses and encourage trade and investment.

We also have resources-focused counsellors in Tokyo, Beijing and New Delhi. These representatives help strengthen our trade and investment relationships in their respective countries.

Strategic basin plans

The strategic basin plans will accelerate exploration and development activities in key locations of strategic importance.

The plans will identify:

  • what resource opportunities are present
  • how we can accelerate, coordinate, and optimise development
  • how this will benefit Australians, including jobs, trade and more affordable energy.

Strategic basin plans are a key item of the government’s Gas-fired Recovery agenda.

They will help to increase gas and energy supply, increase exports and drive economic growth.

We are developing strategic basin plans for 5 priority basins:

The locations for the 2 remaining plans will be announced at a later date.

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Last updated: 24 June 2022

Content ID: 46973