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Resource industry leaders said there had been a lack of investment in capacity in the industry, with a decline in levels of both skills and research and development, and that growth in Asian demand had not been anticipated. "The industry has been responding to these changes and is making massive
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meeting, an elite group of business leaders from the Energy and
Minerals Business Council "was able to address G20 Finance Ministers and Reserve Bank Governors at dinner on Saturday evening and at a working lunch".
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investments, but the lead times are typically up to 10 years," according to the statement reported in
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addressed the meeting of the Energy and
Minerals Business Council. as well as Australian Teasurer
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International
Council on Mining and Metals website 18 November 2006. Retrieved 17 September 2007
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Fifteen chief executives from the mining and energy sector attended the inaugural meeting, with
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corporations formed in 2006 with an inaugural meeting at the Grand Hyatt
Melbourne Hotel, in
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In a statement released on 18 November 2006 the Energy and
Minerals Business Council said:
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Membership is composed of the world's most powerful mining and oil companies including
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IMF website, Speech by
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on 18 November and 19 November 2006. The meeting was held to coincide with the
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Melbourne
Indymedia 21 November 2006. Retrieved 17 September 2007
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the state-owned national oil company of Saudi Arabia,
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G20 Meeting invites
Business, Excludes Civil Society
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160:Energy chiefs sneak into G20
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125:International Monetary Fund
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298:Mining trade associations
241:5 November 2007 at the
272:30 August 2007 at the
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135:See also
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