New body to fight for exploration
QUEENSLAND’S resources industry has established a new body tasked with positioning the state as Australia’s minerals and energy exploration leader by 2020.
The Queensland Exploration Council, unveiled yesterday, it would work to promote exploration activities to underpin the future of Queensland’s resources sector and establish Brisbane as a service centre for the resources industry.
Members of new council are drawn from major and junior resource companies, government, academia, research organisations, events and marketing, broking and finance, accounting, and law.
Its inaugural chair is Geoff Dickie, a geologist who recently retired as the Queensland Government’s deputy coordinator general and who has worked closely with the resources sector.
The council is an initiative of t he Queensland Resources Council whose chief executive, Michael Roche, said yesterday the industry was determined to restore i nvestors’ f aith i n Queensland.
‘‘ With the world clamouring for our minerals and energy resources and some of our
Michael Roche larger mines coming towards the end of their life, we need to encourage explorers to find the next big deposits to retain the economic stimulus this sector brings to the state,’’ he said.
Q u e e n s l a n d h a s s c o r e d poorly in the latest Fraser Institute survey with its ranking on the overall Policy Potential Index falling to 38th in 2010-11, from 24th in 2009-10 after plunging from eighth in 2006-07.
Mr Roche said the new council would seek to influence perceptions of the importance of e x p l o r a t i o n a n d w o u l d promote Queensland’s minerals and energy prospectivity to investors and to businesses providing support services.