No stone unturned in the state of discovery

Published: 7 September 2018

Cover of the State of Discover - Mineral Resources Strategy

Responding to Victoria's resurgent minerals sector, the Victorian Government has developed a strategic document to guide growth in Victorian investment and jobs.

The "Mineral Resources Strategy 2018-2023: State of Discovery" highlights Victoria's position as a global mineral and mining services centre.

In Victoria, mineral exploration expenditure is growing stronger compared to other states, increasing 33 per cent to $24.5 million from March to June 2018, compared to six per cent growth for all of Australia over the same period.

Some recent projects demonstrate this growth in investment and jobs.

The Stawell Gold Mine is increasing its workforce and expects to employ 100 workers by the end of the year, and potentially 150 by mid-2019.

Earlier this year the Fosterville Gold Mine near Bendigo reported gold reserves of 1.7 million ounces, worth approximately $2.85 billion at current prices. The mine employs 570 people, with eight out of ten employees living in the Greater Bendigo region.

The Mineral Resources Strategy highlights priorities for future investment and proposes reducing costs and red-tape for the minerals sector, while taking into account social, environmental and economic performance.

Visit the Earth Resources website to download the document and find out more.