A new minerals and exploration body has been created in Queensland.
The Queensland Exploration Council (QEC) is pushing to make Queensland the leader in minerals exploration.
Meeting for the first time on Thursday, the body is focused on making Queensland the top state in the search for new mineral and energy resources.
Convened by the CEO of the Queensland Resources Council (QRC), Michael Roche, the QEC is aiming to place Brisbane at the epicenter of exploration investment.
Roche explained the imminent need for greater exploration, saying that “in 2009-10, QRC members spent about $22 billion on wages and goods and services in local and regional communities and accounted for one in eight jobs in Queensland.
“However, without exploration for new resources, this money pipeline will dry up, with disastrous consequences for Queensland’s economy, and unfortunately, Queensland is lagging behind its true potential as a desirable location for exploration investment.”
He went on to say that “we rank 25th on the global index, which is behind South Australia, the Northern Territory, Western Australia and New South Wales.”
Roche said that the QRC shares Queensland Government’s vision “for the state to rise to the top of the exploration investment tree by 2020, and I have high hopes that the QEC, with its wealth of talent, will kick start this process.”