Australia’s mining sector may face obstacles in the near future, in spite of predictions for another mining boom, the Queensland Resources Council said.
Queensland Resources Council’s Michael Roche said Australia’s export markets may be captured by other countries if obstacles such as emissions trading are not solved.
“Countries like Indonesia and Mozambique and Colombia and Mongolia … are unlikely to load onto their coal producers the sorts of additional costs that are being proposed by the Australian Government,” Roche told ABC News.
“We do have some challenges. The potential is huge but we have to work hard to make sure we take full advantage of that potential.”
From the year 2011 demand for commodities from China and India is expected to witness another boom.