5th Ministerial Council on Mineral and Petroleum Resources meeting communique - 25 November 2005
Publication date: Friday, 25th November 2005.
The 5th session of the Ministerial Council on Mineral and Petroleum Resources met in Adelaide on 25 November 2005. The meeting was chaired by the Hon Paul Holloway MLC, Minister for Mineral Resources Development for South Australia.
At the meeting, Ministers:
- noted that emerging industrialised economies such as China, India, Russia and Brazil suggested that a structure shift in global demand for resources had emerged with the prospect of a sustainable, long term global minerals market at a higher plateau;
- requested that officials recommend a process for involving the workforce, industry and government to examine potential initiatives to contribute to a long term strategy for mine health and safety; endorsed a set of regulatory guiding principles for carbon dioxide capture and geological storage;
- endorsed the Principles for Engagement with Communities and Stakeholders which outlined a strategy for effective engagement by the minerals, petroleum and pipeline industries with the community;
- endorsed a collaborative approach with mining industry to develop a set of principles to guide water management by the minerals industry; and
- welcomed Australia's hosting of the APEC mining ministerial meeting in 2007.