Australia’s mining industry needed at least A$7-billion of annual investment to maintain existing production, the Minerals Council of Australia (MCA) said on Monday.
In its submission to the Joint Standing Committee on Foreign Affairs, Defence and Trade Inquiry into the implications of the Covid-19 pandemic, the MCA noted that open markets, reduced trade barriers and securing foreign investment have never been more important to Australia as the nation begins to recover economically and socially from Covid-19.