Victoria has a vibrant earth resources sector with a variety of commodities including brown coal, gold, petroleum, mineral sands and base metals, as well as emerging industries such as geothermal and geosequestration.
We support and promote investment opportunities in the sector, which includes providing cutting-edge geoscience information to help significantly reduce exploration risk. We also facilitate projects under development in the State as they navigate through approvals processes.
In addition, we maintain an efficient licensing and permitting system for exploration, resource development and operations, including for pipeline activities, and regulate the industry to ensure that environmental management standards are met.
- Extractive Industry Regulations fee changes
A new fee structure is now in place following amendments to the Mineral Resources (Sustainable Development) (Extractive Industries) Regulations 2010. The new charges came into effect on 1 January 2015.
- Code of Practice for Mineral Exploration
The Code of Practice for Mineral Exploration has been varied under section 89E of the Mineral Resources (Sustainable Development) Act 1990. The Code has been varied to give guidance on the revised definition of low impact exploration.
- Code of Practice for Low Risk Mines
A Code of Practice for Low Risk Mines has been made under Section 89E of the Mineral Resources (Sustainable Development) Act 1990. The Code will allow mines determined to be low risk to operate under a code of practice in place of having an approved work plan.
- Proposed Extractive Industries Amendment Regulations
A draft of the proposed Mineral Resources (Sustainable Development) (Extractive Industries) Amendment Regulations and Regulatory Impact Statement is open for public consultation.