With gold mining in WA expected to increase in the coming years, some are predicting a boom.
Key points:The WA mining industry has been in decline for decadesThe state government is considering scrapping mining tax breaks for the industryThe mining industry employs more than 1,000 peopleThe industry has seen growth in recent years, with mining output increasing by more than 15 per cent in the past 12 monthsThe WA Government is considering introducing a mining tax break for the mining industry, with a focus on mining operations in the state’s north-west.
“It’s really important to us that we have a fair amount of gold,” state minister for mining and gold Tony Chisnall said.
“We are in a period where there are so many opportunities for growth and mining will provide the key to that.”
Gold has a lot to offer to the state, the economy and also to people that are looking to make a contribution to the local economy.
“The WA Mining Industry Association said the introduction of a mining business tax credit would help to encourage more people to work in the mining sector.”
This is a really good opportunity for the sector to get the support it needs to create more jobs,” chief executive Andrew Darg said.WA’s mining tax incentives have helped drive growth in mining industryWhile the mining tax credit is currently only available to new enterprises, the WA Government was considering introducing the incentive for existing companies.”
I think it is very important that we continue to give people incentives that are in their best interests,” Mr Chisball said, adding that the tax credit could be introduced next year.”
The government is looking at whether it can be extended to other types of businesses, whether it could be extended for businesses that are already here.
“In an interview with The West Australian newspaper, Mr Chasnall also said that WA’s Goldfields Region would be among the first areas to see the new incentive introduced.”
If the government is serious about the Goldfields then we’ll be looking at a very robust, robust, strong incentive,” he said.
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