Queensland invests $1m to boost critical minerals ESG standards

The Queensland Government and the Australasian Institute of Mining and Metallurgy (AusIMM) have partnered to increase ESG capability, awareness and knowledge sharing within the state’s critical minerals sector.

The Queensland Government will invest $1m, as part of the Queensland Critical Minerals Strategy, to establish a formal ESG Advisory Panel comprising representatives from government, industry, academia and the community.

Key initiatives of the panel include reviewing domestic and international trends in ESG; baselining Queensland’s critical minerals industry ESG capability; developing capability uplift strategies, tools and guidance materials and establishing an ESG industry excellence award.

Queensland Resources and Critical Minerals Minister Scott Stewart comments on the partnership.

“As the resources industry navigates an increasingly ESG-conscious landscape, it’s essential that we not only prepare for but also seize the opportunities presented by investors, customers and global jurisdictions,” he said.

“Through collaborative research and tailored solutions, we aim to equip Queensland’s critical minerals sector with the tools and knowledge needed to thrive in today’s evolving landscape.

“This is yet another action that has made substantial progress in less than 12 months since we launched the $315m Queensland Critical Minerals Strategy to kick-start the next chapter in Queensland’s resources story.”

AusIMM chief executive Stephen Durkin says the peak body is proud to partner with the Queensland Government in this initiative.

“Our shared ambition is to ensure Queensland’s critical minerals sector is not just globally competitive, but a global leader in ESG excellence,” he said.

“This is about creating a legacy of responsible resource development that delivers economic prosperity, environmental stewardship, and enduring benefits for Queensland communities.
“As the peak body for resources professionals, AusIMM understands the fundamental importance of environmental, social and governance performance in our sector.
“The global race for critical minerals is intensifying, and ESG capability will be key for Queensland’s competitive edge.

“This investment is not just about meeting standards; it’s about setting new benchmarks.

“By investing in resources professionals and lifting the sector’s ESG capabilities, we are placing Queensland at the forefront of responsible, sustainable, and future-focused resource development.

“By building ESG excellence into the DNA of our critical minerals sector, we are creating a model for responsible resource development deliver by the highly skilled people who choose to pursue careers in our sector.”