Victoria’s Golden Opportunity | Minerals Council

Victoria’s Golden Opportunity

More jobs. More investment. Stronger communities.

It’s time to unlock Victoria’s golden age

gold-in-hand

Don’t leave Victoria’s golden opportunity in the ground

Victoria has significant gold, rare earth and critical mineral resources beneath our feet.

With the right policies, these resources can support new jobs, stronger local businesses, greater investment and long-term economic growth across the state.

We’re calling on the Victorian Government, no matter who forms government, to adopt four practical reforms to unlock this opportunity.

  1. Reduce approvals timeframes for mining projects
  2. Incentivise exploration and minerals processing technologies
  3. Reform state taxes and royalties to benefit regional communities
  4. Give young Victorians a head start in a growing global industry

Victoria has the resources to build a stronger future.

It’s time to unlock them.

Mining boosted Victoria's economy by $570 million in 2023-24:

$181 million

Wages and salaries

Supporting mining families mostly in regional Victoria.

$347 million

Goods and services

Industry spend from around 1,700 local businesses.

$39 million

Taxes and royalties

Industry payments to the Victorian Government.

Lawrence Consulting, Economic Contribution Study 2023-24,2025
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What could Victoria unlock?

Stronger local businesses

Mining supports local suppliers, contractors and businesses across regional Victoria.

More regional jobs

New projects would create new careers ‘and opportunities for Victorians.

More investment

Victoria has the opportunity to be a mining investment magnet and grow the economy.

Stronger supply chains

Developing Victoria's resources strengthens local industries and supply chains.

Long-term economic growth

More mines means a stronger economy, more investment and more opportunities for Victoria.

Four practical reforms to unlock Victoria’s resource opportunity

Four practical reforms

That's the difference Victorian mining makes.

practical-reforms_reduce-approvals

Reduce approvals timeframes for mining projects

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Clearer and more efficient approvals can help reduce unnecessary delays, give investors greater certainty and get viable new projects moving sooner.

practical-reforms_incentivise-exploration

Incentivise exploration and minerals processing technologies

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Supporting exploration and new processing technologies can help turn Victoria’s resource potential into new projects, investment, jobs and economic activity.

practical-reforms_reform-state

Reform state taxes and royalties to benefit regional communities

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Competitive tax and royalty settings can help attract new investment while ensuring regional communities share in the economic benefits created by mining.

practical-reforms_give-young-victorians

Give young Victorians a head start in a growing global industry

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Creating more pathways into mining and related industries can give young Victorians the skills, experience and opportunities to build long-term careers.

The plan to unlock Victoria's minerals potential

Mining Victoria: A Prosperity Agenda for Regional Victoria sets out four practical reforms to turn Victoria’s mineral wealth into more jobs, investment and opportunity across regional communities.

From faster project approvals and greater exploration to competitive tax settings and stronger pathways for young Victorians, the agenda outlines what Victoria can do now to build a stronger mining industry and regional economy for the future.