/* Style Definitions */
mso-padding-alt:0in 5.4pt 0in 5.4pt;
font-family:”Times New Roman”;
The NSW Aboriginal Land Council has applied for exploration licences in NSW in a bid to become the nation’s first Indigenous mining company.
According to the Sydney Morning Herald the three petroleum licences cover the north-west and north coast of NSW.
The Sydney Morning Herald reports Council CEO Geoff Scott said the move was designed to give Aboriginal people more control over the mining process.
Scott said the venture would also allow the organisation to "meet our own needs, not rely on the public purse".
Scott said Aboriginal people would have a greater understanding of the environmental and cultural heritage concerns of mining compared with some other companies.
The Council has entered with an unknown joint venture partner for the exploration, with the partner providing most of the capital and mining expertise.
The titles cover areas near Murwillumbah and Grafton in NSW’s north and a large area of land near White Cliffs in the state’s north-west.
Onshore petroleum activity in NSW remains subject to significant community opposition and the state government has this week released tougher restrictions for gas on agricultural land.