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Parliamentary Questions

Question Without Notice No. 185 asked in the Legislative Council on 28 March 2018 by Hon Robin Scott

Parliament: 40 Session: 1
Answered on 28 March 2018

GOLD INDUSTRY
      185. Hon ROBIN SCOTT to the minister representing the Treasurer:
      (1) Is the Treasurer aware that in Western Australia more gold is being taken from the ground than is being found?
      (2) Will the Treasurer confirm that a higher rate of exploration is urgently required to ensure that our reserves increase rather than decline?
      (3) In light of the gold industry now experiencing optimism after nearly a decade in decline, is the government prepared to encourage the recovery and stimulate new exploration by undertaking that there will be no increase in the gold royalty in the 2018–19 budget?
Hon STEPHEN DAWSON replied:
I thank the honourable member for some notice of the question
      (1) No. Western Australia's gold reserves are increasing, suggesting that new discoveries are outpacing production. Department of Mines, Industry Regulation and Safety data show reserves increased in 2016 and 2017. Geoscience Australia showed an increase in WA's accessible economic demonstrated resources in 2015 and 2016.
(2) No.
(3) The state budget will be brought down on 10 May 2018.