A regional industry
Minerals projects play an important role in regional development within Victoria. Mining creates high paying jobs for regional Australians and supports a supply chain of businesses.
Significant gold mining operations include mining at Fosterville, Ballarat, Stawell and Costerfield which also hosts an antimony mine.
Mining companies generate $1 billion in value to the Victorian economy while supporting thousands of jobs and businesses across the state.
Victoria’s mines directly injected $510 million into the state economy in 2020-21 in high wage regional jobs, buying local with more than half their supplier spend in Victoria and support for community grants and taxes.
There are a number of mineral sands projects in the pipeline in the Wimmera and East Gippsland. Victoria’s rich mineral sands, rare earth are key inputs for solar panels, wind turbines and batteries.
Exploration projects across the state in gold, lithium and base metals are promising and have the potential to develop into new future mine projects.