A review of regulatory change affecting Victoria’s mining sector - 2011

This report examines changes in Victorian regulation affecting the mining sector. KPMG has primarily focussed on the period since July 2004 when the then Victorian Government launched an inquiry into regulation affecting regional Victoria, which had a substantial focus on improving the regulation of the mining sector.


The MCA commissioned the Centre of International Economics to evaluate the economic costs of the proposed carbon pricing scheme in the (likely) event that action on climate change by other nations is patchy and fragmented. The study seeks to address one of the critical shortcomings in the Treasury modelling, namely the framing of its analysis around a single, highly optimistic scenario that assumes comprehensive global action by as early as 2016. The Treasury analysis also assumed that a world price on carbon will emerge by 2016 (through some unstated means) and that major developing nations would produce more emissions cuts than necessary in order to sell abatement to developed countries.

Greenhouse policy with incomplete global coverage

Current understanding of the broad economic costs of climate mitigation policies such as the carbon pricing mechanism included in the Securing a Clean Energy Future1 package mostly derives from simulations undertaken with a number of economic models. The model based analysis of the carbon price package undertaken by the Commonwealth Treasury is one of the best known of these modeling studies2.

MTEC 2011 Key Performance Measures Report

In 2011, first year undergraduate enrolments increased at the MTEC universities in the minerals industry core disciplines of earth science, mining engineering and metallurgy. First year enrolments in earth science and mining engineering have returned to 2008 levels (prior to the financial correction experienced that year) while first year enrolments in metallurgy have decreased significantly. A consequence of the financial correction of 2008-2009 will be decreased numbers of graduates across the disciplines in 2012-2013.

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