Mining boom not over: WDS chief
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The head of growing Australian mining services company WDS Limited has insisted that the mining boom is not over, warning that the robust coal-seam gas (CSG) industry must not be smothered by bureaucratic red tape, according to The Australian.
WDS Limited managing director Terry Chapman said claims the mining boom is ending are overstating, insisting that coal and gas exports will rise for decades (see Roger Montgomery's Inside the mining services disaster).
“Regulation, red tape, workplace flexibility are all factors in the success of what is an embryonic industry with huge potential to advantage the nation,” Mr Chapman told The Australian.
“Improved certainty in the approval process will stimulate more projects and consequently that results in more opportunities for the construction sector, as well as local jobs.
“I'm puzzled why coal-seam gas is so controversial because the impact on the local community is immense: we employ a lot of Australians and buy a lot of services and it is profitable.”
He added that he does not see coal use in China being replaced in the coming years, The Australian added.
WDS is part of the Uncapped 100.
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