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 Coal strategy must continue as industry grows 

Coal strategy must continue as industry grows

03 May, 2011 11:04 AM
THE NSW Government must continue working with the community, industry and stakeholders as it develops the NSW Coal and Gas Strategy to ensure that the future growth of the State’s coal mining industry, a cornerstone of the NSW economy, is appropriately managed.

As coal demand is forecast to grow over coming years, the State’s coal industry is already its number one merchandise export earner, worth $11.2 billion in 2009-10, comprising 35 per cent of total NSW exports by value. It employs 19,000 people directly, 82,000 indirectly and along with other minerals is expected to contribute $6.8 billion in royalties to the NSW Government over the next four years.

NSW Minerals Council Acting CEO Sue-Ern Tan said the coordinated development of the Strategy was critical to guide future expansion and would require real leadership from Government to properly identify, define and prioritise issues so that appropriate responses can be developed.

“We all need to be confident about what the future holds and be certain that the growth of an industry that underpins our economy is being managed with our communities in mind and our cumulative impacts addressed. We have much to contribute and it is up to our political leaders to get the balance right,” Ms Tan said.

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Community consultation, what a joke. At the Singleton meeting before the election we were told that coal mining WILL expand, Coal Seam Gas exploration WILL continue. The Hunter is already ruined it is too late to go back to the start now.
Posted by Wallaroo, 4/05/2011 12:54:14 PM, on Singleton Argus
We doubt that coal demand will increase over the next years. Australia's largest coal customers, China, Japan, India are switching their industries to consume safer, cleaner energy sources, to reduce their carbon emission, per Kyoto Agreement. That will require them to import less coal. Over valued Australian dollar is making Australian coal very expensive, forcing importers to switch to South Africa, Indonesia, Colombia. Unfortunately, our economy has been too dependent on coal mining companies, as the government couldn't diversify sources of revenue such as high-tech industry, manufacturing. Our population remained as low skilled labor just enough to be hired as coal miner; couldn't earn new skills which would give them the opportunity to look for better jobs, to upgrade their living standards. Our parents were coal miners as we are, our children will be coal miners. Before the demand for coal and other fossil fuel slows further around the world, our economy should transform itself to other avenues than coal mining, such as LNG, tourism, manufacturing. To prepare our children for the future, we should educate them better to earn higher skills, to be employed in other industries.
Posted by FG, 5/05/2011 9:14:09 PM, on Singleton Argus
There are only 2 reasons why the Hunter is ruined is the whingers against coal and gas mining and that the Hunter does not retain the revenue from the coal and gas mined locally.
Posted by jimbob, 15/11/2011 6:50:28 AM, on Singleton Argus

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