AMEC pleased with reforms to cut red tape in QLD
16 May 2019
The resource industry reforms announced today by Mines Minister Dr Anthony Lynham MP, have been welcomed by the Association of Mining and Exploration Companies (AMEC).
“This is great news for exploration in Queensland, as it provides certainty to communities and industry,” says AMEC Chief Executive Warren Pearce.
“Industry has worked closely with the Queensland government to develop this legislation and it is extremely pleasing to see this Bill pass the Parliament.”
“Greenfield exploration, is becoming more expensive, taking much longer, and often occurs in remote and isolated areas. The 15-year cap, plus one-off three-year extension, will give explorers and investors the time they may need to access and explore for resources in such a vast state.”
The resources reforms will give explorers more flexibility to modify their activities, depending on what they find on-ground, without having to seek approvals. It will also cap exploration permits to three terms of five years, so that permit holders must actively explorer rather than “land bank.”
“The added introduction of outcomes-based work programs will not only reduce red tape, but it will also allow explorers the flexibility to adapt their projects as they proceed, without unnecessary bureaucracy.”
“This initiative complements the new tenure terms, streamlining the system and allowing explorers the flexibility they need to react to adapt to unique circumstances.”
“These reforms are a critical piece in ensuring a stable political and regulatory environment that will help attract investment to the industry and Queensland,” said Mr Pearce.