Iron Ore Processing Mineralogy Pty Ltd Agreement Act

The company`s activities have focused primarily on the delineation and development of explorations from its portfolio of first-class iron ore, estimated at more than 160 billion tonnes of magnetic resources and located 80 km south of Dampier, in the Pilbara region of Western Australia. State agreements have been described in Parliament as the “cornerstone of the resource sector [Western Australia, particularly the large sector”. In the past, members of the VA government have claimed that Western Australia will not have projects such as the large iron ore operations at Pilbara, North West Shelf, Gorgon, Wheatstone and DBNGP in the absence of government agreements. However, the continued relevance and usefulness of state agreements has been questioned in recent years and new state agreements are underway in 21 1960-1970 (partly due to the less need to cover important new Greenfield projects). Hansard`s comments on state agreements over the past decade provide insight into the patterns and trends we might expect for state agreements in the coming years. Members of both sides of the Assembly noted in the opposition that it is partisan politics to support state agreements in general, as they constitute an agreement negotiated and agreed between the wa government of the day and the company concerned. The value that state agreements place on Western Australia is often mentioned and will likely continue to exist in parliamentary debates. While government agreements require proponents to respect the existing environmental legislative framework (both at the national and federal levels), environmental and other issues are the subject of further discussion in Parliament. During the debate, members of the Greens said they opposed state agreements in principle because they are “inherently anti-competitive”. Green MEPs also often oppose state agreements on environmental grounds. The latest amended agreement (North West Shelf Agreement) was strongly rejected by Green members due to concerns about the environmental impact and inflexibility of extending its duration until 2071.

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