Our resources sector is building a stronger Tasmania for all

Guy Barnett, Minister of Resources

Tasmania’s Liberal Government is the strongest supporter of the state’s job-rich mining and forestry sectors, which create more jobs and a vital economic boost for our state.

Our renewable and sustainable forestry sector provides the wood we need to build more homes, and our well-regulated mining and mineral processing sector provides key minerals the world needs as we transition to a future renewable.

Resources, particularly the mining and mineral processing sector, provide the lion’s share of our exports by value, accounting for more than 60% of our record export earnings of $4.6 billion for the 12 months until March 2022.

Collectively, the sector supports more than 10,000 direct and indirect jobs across the state and is central to many regional communities.

As part of the 2022-23 budget, the government will commit $1 million in new funds to support the sector, support more jobs in the Tasmanian region and encourage new investment.

This includes $800,000 over four years to help Mineral Resources Tasmania provide improved services and information to the minerals and construction sectors, which are currently in a phase of strong growth.

We will also provide an additional $200,000 to help address new national wood supply pressures and inform the government’s strategic approach to ensuring long-term sustainable wood resource security to support the sustainable forestry sector. and Tasmanian wood products.

The budget also provides the balance of $1 million of our $2 million funding commitment to help complete power grid infrastructure upgrades to support the reopening of the Dolphin Mine located near Grassy on King Island.

These new commitments are in addition to the millions provided through our 2021 election commitments, including:

  • $10 million to support our on-island treatment grant program;
  • $2 million for an updated geoscience initiative, which is supported by up to $3 million from the Australian Government’s Exploring for the Future program;
  • $1.5 million to extend our popular exploration drilling grant initiative;
  • $1.15 million to the Tasmanian Timber Promotions Board to value and promote Tasmanian timber products around the world; and
  • $450,000 to help the mining and forestry sectors develop industry-specific diversity action plans.

Tasmanians know that thousands of resource sector jobs have been lost under the Labour-Green minority government that has dragged the state into recession.

In contrast, the Liberal Tasmanian Government’s 2022-23 budget is for all Tasmanians with record investments in training and job creation, as well as essential services Tasmanians care about – health, education, housing and helping vulnerable Tasmanians with the cost of living.

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