Australian critical minerals miners face trust issue as they chase capital
Miners must regain the public's trust if they want to open the door to waves of capital waiting on the other side of the renewables revolution.
Australian critical minerals miners need capital to find and produce their product, but negative perceptions of the broader mining industry due to climate concerns and poor industry behaviour is hampering efforts to generate much-needed investment.
Despite this, the sector is ripe for M&A, according to panelists at Sydney’s International Mining and Resource Conference on Tuesday.
While no protesters fronted police and security outside the International Convention Centre for the conference this year, mining's public image was still front of mind.
"When we look at the decades past, Australian mining companies probably lost the trust of the general public. And losing trust can happen very very quickly; building that trust back up takes a long time," said Luke Smith, portfolio manager at AustralianSuper.
