has been released.
The report highlights the strength of Victoria’s minerals sector with gold production increasing 39.6 per cent and gold exploration expenditure up 42.3 per cent.
Mineral exploration spending was also up 22.7 per cent, reaching $124 million. The sales value of mineral production increased by 79.6 per cent to $1,880.4 million.
The sale of quarry produce increased by 3.7 per cent during 2019-20, reaching a value of $1061.3 million.
Earth Resources Regulation oversees minerals, quarry, petroleum, geothermal and carbon storage activities in Victoria and offshore Victorian waters.
The regulator monitors industry compliance, sets site rehabilitation bond amounts and ensures former resources sites are restored once activities are completed. The total value of rehabilitation bonds held by the regulator is $814.1 million.