8th Ministerial Council on Mineral and Petroleum Resources meeting communique - 16 July 2008
Publication date: Wednesday, 16th July 2008.
Australian Government, State and Northern Territory Ministers responsible for minerals and petroleum met in Darwin on 16 July 2007 for the 8th meeting of the Ministerial Council on Mineral and Petroleum Resources. The meeting was chaired by the Hon Christopher Natt MLA, Minister for Mines and Energy and Minister for Primary Industry and Fisheries for the Northern Territory.
At the meeting Ministers:
- acknowledged the important contribution made by the National Mine Safety Steering Group and agreed that getting improved safety outcomes was an important part of their agenda;
- noted a report provided by the Carbon Capture and Storage (CCS) Working Group on progress in jurisdictions in developing a framework for the regulation and management of onshore and offshore CCS;
- welcomed the development of the National Energy Security Assessment by the Australian Government, which would provide the basis for a new Energy White Paper;
- noted the importance of quantity and quality in exploration effort and discussed the increasing difficulties in raising capital for new discovery by junior explorers for higher risk exploration in Greenfield areas and agreed that new discoveries are vital for a long term vibrant mining industry; and
- noted the importance of addressing the capacity constraints that are impacting the resources sector.