Both the New South Wales and South Australian Governments will sign a Memorandum of Understanding to best capitalise on opportunities for mineral investment and economic growth.
NSW Resources Minister Chris Hartcher and South Australian Mineral Resources Minister Tom Koutsantonis on Tuesday announced the partnership approach between the two States to support exploration and resource development.
“Far-western NSW contains mineral-rich areas with proven potential for iron, base metals and mineral sands, and strong potential for uranium deposits. Both States have much to gain from an MOU which will encourage co-operation between agencies in respect to infrastructure access and development, policies on best practice regulation and planning processes.” Mr Hartcher said.
“And as global leaders in geoscientific information acquisition and delivery, the MOU will help attract resources-related investment across both States.”
Mr Koutsantonis believes the MOU is set to facilitate infrastructure access and inter- agency collaboration in the development of resources near the State border regions.
“We don’t want a state border to become an impediment to developing an asset. This MOU aims to eliminate cross-border obstacles so that we can ensure both States reach the full potential offered by our mineral endowment, especially in the Braemar Province”, he said.
The MOU was announced at the AusIMM International Uranium Conference in Darwin.