Mine minister Stephen Robertson announced the funding boost last week, which will further stimulate growth in Queensland's mining industries and improve health and safety procedures.
Part of the funding will advance the potential development of thermal coal deposits in the state’s Surat-Dawson region.
The funding will also be directed towards the completion of the Petroleum and Gas (Production and Safety) Act 2003, which will allow for further development and safe extraction of coal seam methane.
Robertson said the Department of Natural Resources and Mines (NRM) would invest $28.2 million to facilitate the growth of exploration and sustainable development of Queensland's mineral, petroleum and extractive resources.
A further $28.3 million will be invested to protect the health and safety of people involved in the mining,
quarrying, explosives, petroleum and gas industries; and to ensure public safety associated with the use of gas and
explosives.
"Mineral and petroleum exploration and development activities continue to contribute substantially to the
Queensland economy and are worth $8.2 billion or 7.8% of Gross State Product each year," Robertson said.
"During 2003-04 it is planned to further assess and promote the State's mineral and petroleum potential to attract more investment and industry development; and to improve services that underpin the safety of those involved in mining and associated industries," he said.
Other programs under the funding include expedite mining exploration and tenure through streamlined native title processes which allow greater access to land while protecting indigenous rights and local cultural heritage and the delivery of improved services, legislation, standards, inspections, investigations, scientific research and
education to underpin the health and safety of workers in the mining industry.