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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A Prosperity Agenda for Regional Victoria

Direct benefits for regional Victoria

Key mining LGAs, 2023/24

Lawrence Consulting, Economic Contribution Study 2023-24, 2025, Orizontas, Victoria’s Golden Opportunity, April 2026

Northern Grampians LGA

  • $16.7mSalaries
  • $20.6mLocal spending
  • 172Local suppliers
  • $37.3mTotal spend

Greater Bendigo LGA

  • $96.2mSalaries
  • $96mLocal spending
  • 443Local suppliers
  • $192.2mTotal spend

Ballarat LGA

  • $28.2mSalaries
  • $9.8mLocal spending
  • 218Local suppliers
  • $38mTotal spend
mca-map

Operations

  • 1 Ballarat Mine Victory Minerals
  • 2 Fosterville Gold Mine Agnico Eagle Mines
  • 3 Costerfield Operations Alkane Resources
  • 4 Stawell Gold Mine Stawell Gold Mines
  • 5 Maldon Processing Plant Kaiser Reef

Future projects

  • 6 Donald Mineral Sands Astron Corporation
  • 7 Fingerboards Gippsland Critical Minerals
  • 8 Goschen VHM
  • 9 Avonbank WIM Resource
  • 10 Sunday Creek Southern Cross Gold
  • 11 Four Eagles Project Catalyst Metals

Commodities

  • Gold (Au)
  • Antimony (Sb)
  • Mineral sands & rare earths
  • Base metals (copper/zinc)

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.

Tripling gold production to 1 million ounces by 2035 would deliver Victoria:

$6.2 billion

Gross State Product

An extra $6.2 for the Victorian economy by 2035.

10,635

Victorian gold jobs

Gold industry jobs by 2035 and $1.2 billion annually in wages.

$188 million

Mining royalties

Around $188 million annually for the Victorian Government.

Orizontas, Victoria’s Golden Opportunity, April 2026
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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

Learn More

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

Learn More

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

Learn More

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

Learn More

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.