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Gold Fields backs new lobby group - West Australian

Tuesday, 4 August 2015

South African giant Gold Fields has added its ounces and critical mass to the fledgling Gold Industry Group, which was launched this morning in Kalgoorlie-Boulder.

Coinciding with the second day of Diggers & Dealers, the Gold Industry Group will try to replicate the lobbying influence of its long-dead predecessor, the Australian Gold Council.

WestBusiness revealed the lobby's second coming last month.

Since then, Gold Fields and Ramelius Resources have joined the group, sitting alongside Gold Road Resources, Doray Minerals and Zijin Mining-owned Norton Gold Fields. ABC Refinery is an associate member.

The new group includes many of the industry players who were part of the successful Gold Royalty Response Group, which took the fight against a proposed increase to the bullion royalty to the State Government.

“WA is the heart of Australia’s gold industry and ensuring the long term sustainability and strength of the industry is vital,” Gold Industry Group chairman and former WA Mines Minister Norman Moore said.

“By working together, gold miners will be able to promote the industry and ensure all Western Australians understand the significant social and economic contribution the sector makes.

“The Gold Industry Group will provide a single, united voice for the industry in WA and I look forward to working to raise the profile of this vital sector.”

Within hours of Mr Moore launching the lobby, his successor as Mines Minister, Bill Marmion, will attend a commemorative gold pour at Norton's Paddington mine, which celebrates its 30th birthday. Paddington is about 30km from Kalgoorlie-Boulder.

The gold pour will also be attended by senior Zijin officials and a big contingent of Chinese media, celebrating one of China's few successful investments in WA's resources sector.

WA’s gold mines produce more than 70 per cent of Australia’s gold and the industry directly employs more than 20,000 Western Australians.

Last year, gold was the second most valuable mineral in WA with production sales of $8.7 billion. Gold is WA's third biggest export industry, totalling $13 billion in exports last year.

The industry says it paid more than $300 million in State royalties and taxes last year.


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