Mineral exploration and mining have played a significant part in Victoria’s history and development for over 160 years since gold was first found near Clunes in 1850. The sector produces a variety of commodities, including brown coal, gold, mineral sands copper, lead, zinc, antimony, molybdenum, tin, tungsten, lithium and nickel. Gold exploration and mining in particular are a noteworthy part of the Victorian mining industry, with 13 goldfields that have each produced more than one million ounces of gold.
The mining and associated METS sector generate substantial economic and social benefits to the state, particularly in regional Victoria. It provides job opportunities, purchases goods and services from local businesses, contributes to local charity, community and sporting opportunities, and supports regional development.
The latest figures from Invest Victoria show that in 2015-16 the sector as a whole contributed $8.2 billion to the state economy and was directly responsible for around 88,000 fulltime jobs. Indirectly a further 33,700 jobs and $5.4 billion benefitted the state’s economy for a total $13.6 billion, representing 4 per cent of Victoria’s economic activity.
AMEC will continue to work with the Government and to develop the industry and capitalise on the State’s earth resources.
AMEC’s work in Victoria
Mineral Resources Regulations
AMEC is providing feedback to the Department as it prepares to remake the Mineral Resources (Sustainable Development) (Mineral Industries) Regulations before they sunset on 30 June 2019. Improvements identified so far include streamlining regulations, improving the clarity of current obligations, and moving towards more outcomes based regulations. The draft regulations will be circulated for public comment in the first quarter of 2019 and will be accompanied by a Regulatory Impact Statement (RIS).
In the lead up to the next Victoria State Budget in May AMEC has provided a Pre-Budget submission to the Victorian Treasurer and the Minister for Natural Resources and Mines. AMEC has made 12 recommendations to improve Victoria’s international competitiveness, create jobs and attract mining and mineral exploration investment. The recommendations were developed from the three focus areas of reducing the costs of doing business, providing additional mineral exploration funding and more streamlined and efficient approvals processes.
Legislative Scoping Group
Earth Resources is progressing work on legislative reform and is currently developing a two-stage reform proposal for new legislation earmarked for 2021. As an original member of the part of the Legislative Scoping Group AMEC will continue to monitor the proposal and provide feedback on reform.
Election Policy Platform
Events in state
AMEC runs a wide range of events in Victoria each year for the benefit the industry and our members. Events include seminars, investor briefings and exclusive member-only events such as sundowners, boardroom lunches, seminars, and information briefings. To find out more about events in state, please see our events page.
Membership in Victoria
AMEC membership is open to all companies working in and for the mineral exploration and mining industry. Full membership is for mineral explorers, emerging producers and miners, with Associate membership open to companies who service the mining and mineral exploration industry. Whether your organisation provides legal services, undertakes drilling, financial advice, or other services that support our industry, you can be an AMEC associate member.
To learn more about our work and the benefits of membership in Queensland, please contact the Victorian Manager Les Cox , or AMEC Membership and Business Development Manager Luke Sizer.