COVID-19

Victorian miners catch a break

Government deferring collection of rent and annual fees worth $3.5 million until January.

Victorian mines minister Jaclyn Symes (centre).

Victorian mines minister Jaclyn Symes (centre).

Australia's Mining Monthly is making some of its most important coverage of the COVID-19 pandemic freely available to readers. For more coverage, please see our COVID-19 hub. To subscribe to AMM, click here.

This move follows the Victorian government's decision to freeze all fee increases that were due to come into effect in July.

The government believes its infrastructure agenda and continued record minerals exploration will play a significant role as the state's economy rebuilds and recovers from the coronavirus pandemic.

Minerals Council of Australia executive director James Sorahan said the government's targeted short-term measures to help mineral exploration activity continued through the COVID-19 pandemic would keep the pipeline of new projects open.

"Victoria's explorers and miners with exploration tenements are facing significant disruptions including to people movement and equipment access as a result of COVID-19," he said.

"Difficulties accessing ground have made it challenging for some explorers to meet their licence conditions through no fault of their own.

"Exploration investment is also coming under pressure as capital markets become more risk-averse.

"A temporary reduction in fees, charges and rents will free up funds for exploration drilling and reinvestment in mining operations.

"The ability to work with the government on licence conditions means a fair go for explorers.

"This announcement builds on the excellent work of Geological Survey of Victoria and the government's successful Target grant program.

"A revival in exploration is critical to Victoria's recovery. Exploration works must continue to secure future mines and jobs in exploration, mining and minerals processing in regional Victoria."

On the quarry front the government believes it will play a vital role in its Building Works package, which provides $2.7 billion towards hundreds of shovel-ready projects to help create jobs to get people back to work.

The quarry sector will have to unearth the rock, sand and stone needed for this building blitz.

The government will also streamline planning to help strategically important quarries to grow and new sites to be developed, to aid the flow of raw materials over the coming years.

ERR already has a streamlined approval pathway for minor changes to existing quarries.

It is going to fast-track the approval process for works to supply critical material for infrastructure projects at a time when businesses are facing additional pressure.

The regulator will consider the impacts of the coronavirus pandemic in its decision-making process for licence and authority approvals, and for changes to licence and authority conditions such as expenditure requirements.

Victorian resources minister Jaclyn Symes said the state's resources sector businesses had done a fantastic job to keep the industry operating.

"This is a practical way that we can ease the pressure on them and help keep people in jobs," she said.

"Ensuring that our quarry sector can continue to grow and invest means it supports local jobs, communities and our infrastructure agenda."

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production