NSW govt to spend $71 m on mining

The NSW Government is set to invest $71 million in the mining industry.

The NSW Government will invest $71 million in the State’s mining industry over the coming year.

The State Government released their 2009-10 Budget yesterday which showed a focus on clean coal technology.

“Coal provides more than 85% of Australia’s electricity production and is our largest export. As such, NSW and Australia need to keep developing and engineering effective clean coal technologies,” NSW Department of Primary Industries executive director of minerals Brad Mullard told MINING DAILY.

“The NSW Government has pledged to spend more than $100 million on clean coal research over the coming years. This is a big commitment and shows they are supportive of our future energy needs,” he said.

Funds from the budget will also be used to construct suitable sites which can safely store carbon dioxide.

A drilling program is already in progress near the Lake Munmorah Power Station on the Central Coast.

According to Mullard, the NSW Government has also pledged to spend $23.7 million on mine safety. This will include funding for site assessments, accident investigations, technical assessments and maintaining oversight of the equipment used in NSW mines.

More than $1.9 million will be spent on the rehabilitation of derelict mines.

The Queensland Government also released the 2009-10 Budget.

Queensland Resources Council chief executive Michael Roche said the Budget was encouraging and the resource sector could take heart from the government’s commitment to a range of issues raised through the QRC.

The Queensland Government has pledged to spend an additional $1.2 million per annum to enhance Environment Impact Statement (EIS) assessments.

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