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Solution offered to the concern over geoscientists

THE Association of Mining and Exploration Companies believes it has found a solution to the unemployment crisis facing geoscientists.

AMEC chief executive George Savell said the State and Federal governments should establish a joint program over three years to use unemployed geoscientists to gather and analyse geoscientific information to add to Australia’s knowledge base.

“This is a commonsense and workable solution to what has become a very real problem for the Australian geoscientific community,” he said.

“The current downturn in the mineral exploration industry that has generated the problem is a result of low commodity prices, negative investor perception, a continuing South East Asian downturn, global currency and economic problems and land access problems associated with native title.”

Mr Savell said advantages of the program included enhancing Australia’s attractiveness as a mineral exploration investment destination and real value in terms of geoscientific results.

The program is estimated to cost $10 million per year in Federal expenditure and $1 million to $2 million per state per year.

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