Goldfields-Esperance Minister John Bowler has expressed disappointment at the decision by the Australian Competition and Consumer Commission not to intervene in the acquisition of Loongana Lime Ltd’s limestone quarry assets by Adelaide Brighton Ltd.
While pleased that the ACCC had considered the matter, Mr Bowler remained concerned at the prospect of local opportunities being lost through the acquisition.
“The closure and sale of the Loongana Lime operations is an important warning to local businesses,” he said.
“It reiterates the importance of local industries supporting local businesses to ensure choice and subsequent competition in the marketplace.
“Any loss of market competition brings with it the prospect of higher prices for the companies reliant upon the products.
“Goldfields industries should ensure they are doing all they can to support local Goldfields suppliers.
“Local businesses mean local jobs and better communities.”
Mr Bowler remained hopeful that the successful acquisition of the mine at Rawlinna and crushing and screening at Parkeston would help secure the remaining jobs, and that new owners could revitalise the lime plant.
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