NSW and S Australia join forces on resources
PERTH (miningweekly.com) – The New South Wales (NSW) and South Australian state governments would band together to encourage mineral development in both states.
NSW Resource Minister Chris Hartcher and South Australian Mineral Resources Minister Tom Koutsantonis announced on Tuesday that the state governments would sign a memorandum of understanding (MoU) to maximise opportunities for mineral investment and economic development.
“Far western NSW contains mineral-rich areas with proven potential for iron, base metals and mineral sands, and strong potential for uranium deposits,” Hartcher said in a joint statement.
“Both states have much to gain from an MoU which will encourage cooperation between agencies in respect to infrastructure access and development, policies on best practice regulation and planning processes.”
Hartcher noted that as the global leaders in geoscientific information acquisition and delivery, the MoU would help attract resource-related investment across both states.
Koutsantonis added that the MoU aimed to facilitate infrastructure access and inter-agency collaboration in the development of resources near the state border regions.
“We don’t want a state border to become an impediment to developing an asset. This MoU aims to eliminate cross-border obstacles so that we can ensure both states reach the full potential offered by our mineral endowment, especially in the Braemar Province [iron formation],” Koutsantonis said.
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