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Ministerial Advisory Committee on Exploration report
In October 2013, the Ministerial Advisory Committee on Exploration (MACE) was formed to provide direct industry feedback on Queensland's exploration performance and direction and advise on ways to position Queensland as the best-performing exploration jurisdiction in Australia.
Following in-depth consultation and working group meetings with resources sector peak bodies and exploration companies, in June 2014 the report Exploration destination: Positioning Queensland as Australia's premier exploration state (PDF, 2.1MB) was released.
The committee makes 18 recommendations across the following 9 themes:
- making land available for exploration
- delivering world-class geoscience
- growing and expanding greenfield incentives
- building flexibility into the regulatory framework
- cutting exploration costs
- taking the lead – where DNRM is the one-stop shop resources sector lead agency
- improving customer service
- engaging explorers with easy-to-access, high quality information
- promoting Queensland as an exploration destination.
The committee called for increased flexibility in the state's regulatory framework to reflect methods of exploration unique to each commodity, as well as the degree of prospectivity.
Growth in greenfield exploration and high-quality geoscience were identified as high priorities, as well as significant emphasis on promoting Queensland as an exploration jurisdiction of choice.
The committee commended the Queensland Government's recent streamlining efforts and identified further room for reform. It particularly called on government to be responsive and relieve the pressure on explorers in the current tight market conditions.
The Ministerial Advisory Committee included representatives from:
- Queensland Resources Council
- Australian Petroleum Production and Exploration Association
- Association of Mining and Exploration Companies
- Queensland Exploration Council
- exploration companies active in the Queensland, Australian and international markets.
The recommendations informed a number of programs:
We are modernising and streamlining our regulatory framework and delivering priority legislative amendments and business process improvements to provide immediate benefits to industry.
We established the Tenure Reform Taskforce that has incorporated many of the MACE recommendations into the Innovative resource tenure framework: Policy position paper (PDF, 615.1KB) which aims to address these current issues and modernise the way we regulate tenures in Queensland. These include recommendations under:
- theme 1 - release of land
- theme 4 - building flexibility into the regulatory framework
- theme 7 - improving customer service
- theme 3 - growing and expanding greenfield incentives.
The Geological Survey of Queensland, already delivering high level world-class geoscience (theme 2), is working with our experts in spatial information to implement theme 8 - engaging explorers with easy-to-access, high quality information.
A Resources Investment Commissioner will commence promoting Queensland (theme 9) as an exploration destination to national and international audiences in early 2016. The Resources Investment Commissioner will:
- connect international investors to Queensland's resources sector
- contribute to winning investment capital for the state's miners, explorers and mining technology companies
- promote Queensland (theme 9) as an exploration destination to national and international audiences.