In 2023, both the Australian Federal and State Governments are
expected to continue to increase their efforts to secure domestic
supplies of coal and gas, as they attempt to address projected
supply shortages, creating, as some stakeholders say, a type of
'resource nationalism.' For those stakeholders, operating
in the Australian resources market in 2022 was a period of
frustration. Government intervention into the resources market is
said to have stifled investment opportunities and profitability
within the market, as demonstrated by the industry outrage to the
new royalties introduced for coal by the Queensland Government and
the gas price caps imposed by the Federal Government.
Critical minerals continue to be a star performer in
Australia's resources portfolio in light of the acceleration of
the global energy transition. Given Australia is a key producer of
many strategic minerals, it remains well-positioned to leverage
itself as a destination for the production,
