An overhaul of the approvals process in Queensland, Australia will cut the time it takes to issue an exploration permit in half, according to the state’s government. The change applies to exploration permits only, and government officials are very clear that a granted exploration permit is not a right to mine.
Nonetheless, the new process represents a significant accomplishment as it has“the potential to halve the time taken for companies to be granted exploration permits, while maintaining rigorous environmental, native title and land access assessments.”
The change bodes well for Australia as a destination for mining investment, as it may well improve the country’s already very positive ranking on esteemed mining research firm Behre Dolbear’s “Where Not to Invest” report, which attest Australia one of the most expeditious permitting systems with the least amount of permitting delays of all surveyed countries.
Meanwhile, in spite of a dismal ranking on Behre Dolbear’s index in the “permitting delays” category, U.S. efforts to reform our rigid and outdated permitting structure for mining projects are continuing to face an uphill battle with the fate of Rep. Amodei’s (R-Nev.) National Strategic and Critical Minerals Production Act of 2013 (H.R.761) in the Senate unclear yet again.