Automation a blast for Orica

THE CEO of commercial explosives and blasting systems company Orica, Alberto Calderon, has told the Melbourne Mining Club that Australia could become a global leader in mining automation but only with a new tax regime that incentivises investment.

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Calderon addressing the Melbourne Mining Club.

Originally from Colombia, Calderon said there was no question the resources sector’s contribution to Australia’s standard of living and economic growth had been enormous but with the once-in-a-lifetime resources boom past its peak he questioned where Australia’s future growth would come from.

Calderon said the main drivers of this performance were mining investment and housing construction, but these drivers would no longer contribute at the same level.

Mining investment is expected to stay at a long-term level of about 3% of gross domestic product, and Calderon claims household consumption will not be able to fill the gap, which shows the need for a perfect storm in business investment and capital productivity.

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