The Asia Miner

APR-JUN 2019

The ASIA Miner - Reporting Important Issues to Mining Companies in the Asia Pacific Region

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the asia miner • volume 16 • issue 2 26 FEATURE: Coal China's purported ban on Australian coal in late February – that was simultaneously confirmed and denied by Chinese authoriঞes – and the significant moves from the banking and investment sector to move away from fossil fuels, as well as major players like Glencore and BHP bowing to investor and environmental pressure to shi[ from coal, are giving the sector some thought. Now, Bioenergy Australia is calling for some strategic thinking and an urgent fast track on the development of a new industry that can replace and support jobs and economic development for regional Australia and a transiঞon economy for Australia offering a AU$3.5 to $5 billion investment opportunity. The organisaঞon cites a recently released market analysis and forecast report by the Internaঞonal Energy Agency (IEA), which predicts modern bioenergy to have the biggest growth in the next five years, driving 40 per cent of global energy consumpঞon growth. "It is almost inconceivable that in these ঞmes of significant issues regarding fuel security, waste and declining regional economies we don't have a naঞonal strategy for Australia's bioeconomy," says Dr John Hewson, Chair Bioenergy Australia. "Australia needs this new industry and we are calling on a Parliamentary inquiry into the impediments of the development of the industry, and for Australia's bioeconomy to be given a place within a Ministerial porolio in the next Government. We need leadership now and we need Parliament to act." Bioenergy Australia says that reports regarding Australia's low emergency fuel reserves show the naঞon as 'vulnerable', making it a criঞcal naঞonal security issue. "Australia is languishing behind other naঞons in fuel independence and security and has been named as the least prepared developed naঞon to deal with a crisis," conঞnued Dr Hewson. "Latest figures produced by the Department of Energy show stockpiles at the end of October 2018 were 27 days total petroleum products, 22 days of petrol and 17 days of diesel." Dr Hewson explained that now is the ঞme for biparঞsan support to develop a new industry and economy for Australia. "Biofuels represent such a significant opportunity to not only our fuel security challenge, but also regional development, jobs, waste reducঞon and emissions reducঞon," concluded Dr Hewson. Bioenergy Australia calls for new industry to transition Australia away from fossil • Shaft Sinking • Mine Development • Contract Mining • Raiseboring • Raise Mining • Underground Construction • Engineering & Technical Services • Specialty Services redpathmining.com Providing full service mining solutions and innovation around the world for over 55 years. EXPERIENCE Consider it done. AFRICA | ASIA | AUSTRALIA EUROPE | NORTH AMERICA SOUTH AMERICA Mining Contractors and Engineers

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