Financial Health of the Industry
Key points from Bob Beaumont’s presentation at the General Meeting
At the General Meeting a presentation was made by Bob Beaumont, an economic consultant who presented an analysis of the financial health of the extractive industry.
This presentation was a follow on from the one presented in early 2000 when the CMPA was only just established. At that point in time, the extractive industries were in a point of downturn with several consecutive years of decreasing unit rate.
Although over the ensuring six years the unit rate had corrected itself to above the 1990-91 figures, 2005-06 had seen a downturn. Bob stressed that this was concerning particularly as the state’s tonnage had continued to increase.
It is essential that as an industry we better consider these indicators and adjust our strategies accordingly
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