13 June 2013

Report highlights risk of Government's mining agenda

Mining has always been boom and bust industry and a report released by Ernst & Young confirms this, the Green Party said today.

Ernst & Young released their annual Business risks facing mining and metals 2013-2014 report yesterday, highlighting that “the risks facing the sector have become more extreme and more complex over the past 12 months.”

“Mining is one of the Government’s few economic plans and it is completely unreliable,” Green Party mining spokesperson Catherine Delahunty said today.

“With Solid Energy on the ropes, this report doesn’t come as a surprise.

“We need a sustainable economic plan for our future, not blindly relying on the boom and bust mining industry.

“The report highlights the economic problems the industry is currently facing.

“Increasing community concerns about the impact of mining on local communities and our environment is also highlighted in the report.

“Communities like the West Coast and Northland deserve better than relying on this boom and bust industry.”

Report: http://www.ey.com/GL/en/Industries/Mining---Metals/Business-risks-in-mining-and-metals-2013-2014--The-focus-of-risk-has-swung

ENDS

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