Western Australia Releases Resources Development Strategy

Source: www.gulfoilandgas.com 9/7/2021, Location: Not categorized

- McGowan Government releases significant resources development strategy
- Priorities include exploration investment, sustainability and streamlining processes

A key strategy that supports Western Australia's reputation as one of the world's most advanced, innovative and successful resources sectors was released by the McGowan Government.

'Western Australia's mineral and petroleum resources development strategy' focuses on capitalising on the State's natural resources to drive a diversified economy, support the regions and encourage sustainable development.

Policies such as investing in regional areas, co-funding exploration, streamlining approval processes, promoting entrepreneurship and investment opportunities feature prominently.

These actions will ensure WA's mining and petroleum industries continue to provide outstanding economic and social benefits to the community well into the future.

Comments attributed to Mines and Petroleum Minister Bill Johnston:

"The McGowan Government is committed to ensuring a best-practice regulatory framework remains in place to ensure the responsible and sustainable development of our State's resources.

"We expect demand for WA's minerals to continue to grow, driven by the global transition to a low carbon future and an increasing demand for electric vehicles.

"WA's mining and petroleum industries' timely response to the pandemic enhanced our global reputation as a reliable supplier and maintained our position as the engine room of the national economy."

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