Report indicates golden future

Yesterday during the opening of IMARC Online Minister for Resources Jaclyn Symes released the annual Earth Resources Sector Indicators report.

Yesterday during the opening of IMARC Online Minister for Resources Jaclyn Symes released the annual Earth Resources Sector Indicators report.

The report highlights Victoria’s resources sector is booming.

Gold is being produced at a level not seen in over 100 years, while sand, stone and gravel are being delivered to support state infrastructure projects.

In 2018-19, gold production was up by about 55 per cent, exceeding a sales value of $1 billion.

During the same period minerals exploration expenditure, a measure of industry confidence, increased by 39 per cent to top $100 million.

These results demonstrate the strength of our minerals sector and its positive outlook.

It’s not surprising that employment in the sector is at its highest level in over a decade.

The job creation, investment attraction and economic growth made possible by the resources sector is a helping regional Victoria thrive.

Contact: Mark Farrugia

Phone: 8392-6913