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New act to expedite coal mining activities in Queensland

Anact passed in 2014 aimed at expediting coal mining activities in Queensland,Australia finally commenced on Sept. 27, S&P Global Platts reported, citingthe Queensland Resources Council.

TheMineral and Energy Resources (Common Provisions) Act paves the way for asmoother process to boost production volumes and to start new coal and coalseam gas mining activities in the state, said the report.

"Thisnew framework will help unlock areas for optimal co-development and maximizethe resources extracted on behalf of the state," Platts quoted QRC's CEOMichael Roche as saying.

Accordingto Roche, the commencement of the act "will provide a process that reducesdelay to get access to the ground and start activities," amid overlappingtenures in Queensland, including in the resource-rich Bowen Basin.

Inaddition, the act places an obligation on resource companies to register ontitle conduct and compensation agreements made with landholders, as a means ofpromoting transparency in resource-related activities, wrote Platts.

S&P Global Platts andS&P Global Market Intelligence are owned by S&P Global Inc.