The Victorian Minerals Industry
The Victorian minerals industry is often separated into the coal sector and the metalliferous sector. The metalliferous sector is dominated by a small number of operating gold mines and mineral sands mining.
Victoria’s vast brown coal (lignite) resources provide the energy for about 86 per cent of Victoria's electricity generation. The coal sector consists of the three Latrobe Valley coal mines (Loy Yang, Hazelwood and Yallourn).
Several projects are proposed to utilise brown coal for new industries, including urea, char, gas and liquids.
Victoria is a world recognised gold province hosting a variety of deposit styles. Gold production from Victoria’s thirteen goldfields accounts for two per cent of all the gold that has been mined throughout the world.
Despite its prospectivity, much of Victoria remains unexplored using modern techniques. The Geological Survey of Victoria’s assessments (external link) indicate that it is likely that there are multi-million ounce deposits in the state that remain undiscovered. Most of these are under thin Tertiary cover, which emerging exploration techniques should be able to penetrate.
Victoria’s mineral sand endowment includes an estimated 8 million tonnes of rutile and 6 million tonnes of zircon. Mineral sand exploration and production is focused on the Murray Basin in the State’s west.
Activity is focused around Douglas, Kulwin and Minyip.