Good find Fakie, sums up this end of the market quite well.We...

Good find Fakie, sums up this end of the market quite well.

We are in the right sector though IMO and with the Vic Gov opening the doors for business in brown coal, we should see a turn around very soon IMO.

http://www.parliament.vic.gov.au/images/stories/committees/paec/2013-14_Budget_Estimates/Presentations_and_QoNs/PAEC_13-14_BEH_22-05_EnergyRes_PRES.pdf

Energy and Resources Portfolio Key Objectives
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Safe, secure and sustainable energy for Victorians
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Foster the efficient and responsible development of Victoria’s earth resources

Major Achievements 2012-13

• $90 million Advanced Lignite Demonstration program

State Budget 2013-14

$31.7 million to strengthen Victoria’s Mining Industry

Funding of $19.2 million over 4 years:
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Deliver jobs and investment in regional Victoria
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Make a significant contribution to the economy
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Build a strong and prosperous mining industry
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Drive exploration and reduce barriers to investment
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Respect the rights of landholders and protect the environment

State Budget 2013-14

Clean Coal Victoria
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$8.3 million over 4 years
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Facilitate access to and development of Victoria’s coal resources
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Strategic and technical advice to Government
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Ongoing community and stakeholder engagement
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Address land planning, mine rehabilitation, environmental and infrastructure issues

Priorities going forward

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Attract investment in earth resources
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Deliver consumer benefits from smart meters, including flexible pricing
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Continue to reduce the risk of bushfire from electricity assets through the Powerline Bushfire Safety Program
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Realise the potential of brown coal through the Advanced Lignite Demonstration Program
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Continued support of investigation of CCS through the CarbonNet Project. ends.....

B Rubes