Ministerial Advisory Committee releases new report to provide innovative direction for Queensland’s resources industry

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Image credit: Flickr User: eastcolfax

The Newman Government has been collaborating with the resources sector to grow resource as a pillar of the economy and make Queensland a leading exploration state.

Image credit: Flickr User:  eastcolfax
Image credit: Flickr User:
eastcolfax

According to the statement by Natural Resources and Mines Minister Andrew Cripps, the new report by the Ministerial Advisory Committee on Exploration identifies ways in which Queensland can attract more exploration investment and promote sustainable growth of its mining and petroleum and gas sectors.

The Committee provides direct industry feedback on Queensland’s exploration performance and direction, and advises on how to position Queensland as the best-performing exploration area in Australia.

“The Newman Government has a strong plan for a brighter future and we’re committed to ensuring Queenslanders enjoy the benefits of the resources sector for generations to come,” the Minister said.

Investing in resource exploration is set to drive future mines and energy projects, create jobs and boost the economy.

“The sector employs tens of thousands of people, providing livelihoods for families now and promises to support jobs into the future. That’s why we’re working with the sector to position Queensland as the best-performing exploration jurisdiction in Australia and to identify how we can improve the way we do business to make this happen,” the Minister said.

“We are committed, through our ResourcesQ partnership with industry, to develop a 30-year vision and action plan to grow a robust resources sector that will continue to deliver significant economic benefits for Queensland communities.”

The report have provided 18 recommendations across nine areas.

“The committee has advised the government to make more land available for exploration, deliver more high-level, world class geoscience and grow and expand incentives to support greenfield exploration. There were also strong messages to cut exploration costs by streamlining exploration permit regulations and examining further opportunities to minimise costs to industry and I’m pleased to say the government has already acted on some of the committee’s advice,” he said.

“Queensland’s resources sector laws are currently being modernised and simplified and we have already delivered changes to the Petroleum and Gas (Production and Safety) Act 2004 to extend exploration work programs and provide more flexible tenure relinquishment arrangements.”

The report is available at: www.dnrm.qld.gov.au/our-department/policies-initiatives/mining-and-resources-initiatives/mace