State Government Logo

28 May, 2015

Paul Harriss, Minister for Resources

Mining for Tasmania’s Future

Tasmania’s mining and minerals processing sector is a key driver of the Hodgman Liberal Government’s engine of growth for Tasmania.

The 2015-16 Budget sets out more than $24 million over the forward estimates to facilitate exploration and mining development while fostering and encouraging responsible land management in Tasmania.

This funding will be spent on initiatives such as improving the quality and quantity of geoscience information, including the continued development of the TIGER data management system and a comprehensive three dimensional geological model of the State.

We are also investing in promoting Tasmania nationally and internationally to prospective mineral exploration and mining companies through targeted and strategic marketing.

We will continue to deliver the high standard of environmental outcomes Tasmanians expect by providing for geohazard mapping, resource identification to protect against sterilisation and management and rehabilitation of abandoned mining land.

This Budget also continues funding to deliver initiatives started last year such as relocating Mineral Resources Tasmania to Burnie.  An additional $500,000 has been allocated under our Mining for Tasmania’s Future Policy to assist the relocation, which, as set out under our 365 day Plan, is on track to commence later this year.

The North-West is the heart of Tasmania’s mining industry and we make no apologies for our Plan to relocate MRT to where it is needed most – on the ground, engaging with prospective mining and mineral exploration companies.

There is no doubt the mining industry across Australia is facing challenges from declining commodity prices, however, there is a good pipeline of mining projects in Tasmania and the State produces a broad range of minerals and this lessens the impacts of price drops such as that currently being seen in the iron ore market.

This Budget continues our unflinching support for the mining sector and the Government will continue to work with the sector to ensure mining remains a cornerstone of the Tasmanian economy into the future.