Labor welcomes investment on the West Coast
Certainty about the mine’s reopening would create confidence
Timing is right to prepare the site for operation
Labor Member for Braddon Shane Broad has welcomed the Government’s announcement to fund projects to assist the chances of the Mt Lyell mine reopening.
“This is clearly work that needs to be done and Labor backs the projects that are on the table,” Dr Broad said.
“We couldn’t have a situation where we allowed the mine to reach the point of no return.
“With ongoing supply disruptions at two of the world’s largest copper mines in South America, and a positive outlook on copper prices, now is a good time to get the mine ready for operation.
“I welcome the investment in new technology that will produce a better grade of ore and improve the cost profile of the mine.
“What the people of the West Coast ultimately want to hear is a guarantee the mine will start operating again. That’s the economic boost the region is hoping for.
“It would be good for the Government to clarify under what copper price/production scenarios Vedanta would guarantee reopening the mine. The West Coast would welcome greater certainty.
“Labor has made supporting the West Coast economy a priority. We backed it up by hosting our state conference in Queenstown last year.
“We have positive policies to support the mining sector and tourism opportunities.
“It’s critical that we encourage new economic opportunities while supporting traditional sectors like mining at the same time.
“The West Coast is too important to play politics with Labor backs the announcement and we’ll continue to work towards the reopening of the mine in government after the next election.”
Shane Broad MP Labor Member for Braddon
