Victoria’s mining renaissance

  • By AusIMM

Victoria’s minerals sector is experiencing a revitalisation with increased success from exploration to commercial production.

In August, the Victorian Government launched State of Discovery, a new minerals resources strategy to build on nation-leading minerals exploration growth, complementing this potential and building on a host of initiatives already underway.

‘This strategy delivers a whole-of-government approach across the mining lifecycle. It sets a path for improving the administration and enforcement of our regulatory framework for managing the social, environmental and economic conditions of the mining industry,’ said Peter Betson, Deputy Secretary Resources.

The strategy – which identifies five action areas – outlines that to reap the benefits of the state’s rich mineral endowment, mining and government stakeholders must first gain and maintain community confidence in the social, environmental, and economic performance of mineral exploration.

‘The Government is committed to responsibly growing the minerals sector in a way that keeps Victoria clean and safe while meeting community expectations.

‘The strategy highlights our priorities for investment in pre-competitive geoscience, the reduction of costs and red-tape for the minerals sector and leveraging Victoria’s world-leading business conditions, infrastructure, corporate connectedness, educational excellence and workforce preparedness,’ continued Mr Betson.

While not the largest Australian mining state, Victoria is home to the headquarters of several large mining companies, including BHP, Newcrest Mining, MMG, Alumina, St Barbara and OceanaGold, as well as Rio Tinto’s Asia Pacific regional headquarters, with Melbourne-based firms accounting for 65 per cent of mining stock from the ASX100 in 2018.

According to Mr Betson, Melbourne’s status as a global mining hub makes it the perfect venue for a pair of the largest events on the mining calendar according.

‘Later this month Australia’s biggest mining conference, the International Mining and Resources Conference (IMARC), will commence. The International Council on Mining and Metals will also hold its bi-annual meeting in Melbourne at the same time, the first time ever they have gathered outside of London. Melbourne will be the global centre of the mining industry at this time,’ said Mr Betson.

The Victorian Government will be discussing the State of Discovery: Mineral Resources Strategy 2018-2023 in the free-to-attend Collaboration Theatre inside the IMARC Exhibition 29 October to 1 November 2018.

About IMARC

The International Mining and Resources Conference (IMARC) is where global mining leaders connect with technology, finance and the future. Now in its fifth year, it has become Australia’s largest mining event bringing together over 6,000 decision makers, mining leaders, policy makers, investors, commodity buyers, technical experts, innovators and educators from over 90 countries for four days of learning, deal-making and unparalleled networking. The IMARC Conference and Exhibition is developed in collaboration with its founding partners the Victorian State Government of Australia, Austmine, AusIMM and Mines and Money.

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