ASEG
in conjunction with AIG, SMEDG & AUSIMM
presents
NICK SHEARD, soon to
be late of MIM & XSTRATA, speaking on
YOUR CHANCE TO
ASSIST THE RECOVERY OF MINERAL EXPLORATION IN
The
In September 2002, Minister Ian
Macfarlane announced the establishment of the Minerals Exploration Action
Agenda (MEAA) in response to widespread publicity on the recent, very
significant decline in the level of mineral exploration expenditure in
The SLG delivers four recommendations to address delays encountered by explorers in gaining access to land for exploration.
One of the most critical problems has been the failure of the market to supply risk capital for mineral exploration. Three SLG recommendations are presented, including a flow through share arrangement and a 125% tax deduction for greenfields exploration expenditure.
The SLG recognises the importance of pre-competitive geoscientific datasets and recommends continued co-funding to complete basic geoscience survey programs, augmented by new mapping technologies, and proposes nation-wide protocols for Internet-based access to geoscience datasets generated by both government and industry.
The SLG wants the Commonwealth
Government to establish a “50 early career explorer” scheme, and to move to a
new funding model for higher education to increase the long term viability of
geoscientific education and training institutions. Finally, a Deep Ore
Discovery Program is proposed to support and increase public
sector investment in R&D to equip mineral explorers in
This is a very well considered suite of innovations, and
represents the best chance the industry has had for many years to influence
Cabinet. What can you do to support this effort? Nick Sheard will explain the process of
responding to the Government’s MEAA, identify the winning elements of the SLG
recommendations, and guide geoscientists to contribute actively to the
necessary promotion of a better future for our industry.
Ray Soper's Comments on the issues raised.