New body to fight for ex­plo­ration

Townsville Bulletin - - Investor - townsville­bul­letin. com. au

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.

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