- $37.4 million to stimulate mining exploration and unlock billions of future wealth
- Transform historic geological data to make exploration easier and cheaper
- Significantly reduce approval timeframes, enhance data quality and improve environmental outcomes
- Boosting mining industry’s capacity to generate a pipeline of projects, as part of the WA Jobs Plan
A re-elected McGowan Government will move to unlock billions of dollars of future wealth for Western Australia by investing in a digital transformation of the State’s valuable mining data and information systems.
These initiatives – as part of the WA Jobs Plan – will transform the regulation of resources projects by significantly reducing assessment timeframes across multiple assessment processes. They will also improve the regulation of rehabilitation and mine closure, providing even better environmental outcomes.
Some approvals timeframes will be cut by up to 50 per cent, making government processes more efficient and saving industry millions of dollars.
The projects will reinvigorate exploration activity, enhance the quality of project data, modernise regulation, cut red tape and reduce approvals times.
The $37.4 million initiative will also see the implementation of the Geoscience Data Transformation Strategy – to transform the State’s billions of dollars’ of geoscience information into intelligent data suitable for machine learning and artificial intelligence.
There will be dedicated resources to modernise and integrate systems, expanding the capability of the Department of Mines, Industry Regulation and Safety’s data collection and analysis, while streamlining approvals and implementing measures to maximise the benefits of data sharing.
These projects will make it easier and cheaper to conduct exploration activity, helping to unlock a new generation of discoveries and provide potentially billions in economic benefits to WA.
They will boost the mining industry’s capacity to generate a pipeline of projects, create jobs, and deliver royalties to the State for hospitals, schools and other important projects.
Comments attributed to Premier Mark McGowan:
“Western Australia’s resources sector is the backbone of the nation’s economy. The mining industry alone employs more than 120,000 people and it is vital we continue to invest to keep a pipeline of projects in train.
“These projects will reinvigorate exploration activity by transforming the State’s valuable analogue data to digital formats capable of being integrated with artificial intelligence and machine learning technology.
“This innovative initiative has the potential to unlock billions of dollars of new projects to deliver jobs, economic benefits and royalties to enhance Western Australia’s prosperity.
“We will reduce red tape, modernise regulation and cut approvals times – making processes less arduous for companies and enabling projects to progress faster.
“Some approvals timeframes will be cut by up to 50 per cent, making our government processes more efficient and saving industry millions of dollars.
“It will also make it easier for Government to review industry compliance, ensuring improved environmental outcomes.
“When the mining industry does well, Western Australia does well – and these innovative initiatives will underpin the development of billions of dollars’ worth of future job-creating projects to keep WA strong.”