Heathcote Mining Mandalay Resources

Gold tax threatens local jobs and economy

20 February 2020

Euroa MP and The Nationals deputy leader Steph Ryan has warned the Andrews Labor Government’s gold tax will destroy local jobs and rip money away from Heathcote. 

Ms Ryan met with workers from Mandalay Resources on the steps of Parliament yesterday who came to protest the Andrews Government’s gold tax.

Ms Ryan said The Nationals and Liberals moved a disallowance motion in Parliament’s upper house, in an effort to strike out the tax which will rip money away from the Heathcote community by levying big taxes on Mandalay Resources at Costerfield.

“Labor’s gold tax threatens to take money and jobs away from regional communities that rely on the mining industry,” Ms Ryan said.

“Mandalay Resources is a significant employer in our region, investing hundreds of thousands of dollars back into the local community each year.

“The Andrews Government’s gold tax is forecast to cost them $1.4 million which will leave them with no other choice but to drastically reduce their contributions including investment in local childcare and family services.

“Mandalay Resources were central in establishing a childcare service in Heathcote last year. The mine donated more than $100,000 to help construct the Bunbunarik Children’s Hub.

“Labor’s increased tax will also mean the mine has less funding for exploration which will have a long-term impact of Mandalay’s ability to grow and develop.”

“Workers at Mandalay Resource’s Costerfield site are frustrated by what these changes will mean for the future of mining in regional communities,” Ms Ryan said.

“After blowing the Victorian budget, Daniel Andrews and Tim Pallas have sprung this new tax on Mandalay without warning and without consultation.”

Photo caption: Member for Euroa and The Nationals deputy leader Steph Ryan meets with workers from Mandalay Resources


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