Victorian Industry Economic Fundamentals
The MCA represents Australia’s exploration, mining and minerals processing industry, nationally and internationally, in its contribution to sustainable development and society. MCA member companies produce more than 85 per cent of Australia’s annual mineral output. The MCA’s strategic objective is to advocate public policy and operational practice for a world-class industry that is safe, profitable, innovative, environmentally responsible and attuned to community needs and expectations.
The Victorian Division of the MCA represents the interests of member companies operating, exploring and providing services to the industry in Victoria. Policy positions of the Victorian industry are one and the same as the entire Australian minerals industry. The MCA operates on a platform of national consistency and therefore considers that minerals operations in all jurisdictions should be subject to the same polices and legislative frameworks across the country.
Victoria has a proud history as a successful mining State. Whilst it remains active in the areas of mineral sand mining, gold and brown coal (lignite) exploration and mining, it is now perceived to be far from dynamic compared to mining in other states of Australia. Critically, Victorians have lost their connection to the industry that has brought prosperity, employment, regional development, and with a low cost energy base, attracted a broad range of manufacturing and industrial processing sectors.
It is clear more work is required so that the vast range of products arising from the minerals industry such as medical instruments and pharmaceuticals; the equipment we rely on for food preparation; textiles and fabrics; construction materials; and the ever increasing demand for electronics such as personal recording devices, computers/laptops/tablets and smart phones, is better understood and appreciated.
Within this report, the MCA seeks to provide an analysis of the state of the Victorian minerals industry and its place in the wider Victorian economy.