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Top research team starts work on Shoalwater Bay



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N E W S • R E L E A S E

DPIE93/3G 15 January 1993

TOP RESEARCH TEAM STARTS WORK ON SHOALWATER BAY

The three economic and resource bureaux of the Department of Primary Industries and Energy have begun work to assess the resource and economic values of the Commonwealth-owned Shoalwater Bay training area.

The Federal Minister for Resources, Alan Griffiths, announced today that the assessment is being carried out by the Australian Bureau of Agricultural and Resource Economics (ABARE), the Australian Geological Survey Organisation (AGSO) and the Bureau of Resource Sciences (BRS).

"One Nation" outlined the Government's decision to ensure that the economic potential of areas controlled by the Commonwealth are assessed as part of the normal process of determining prospective land use. This principle has been applied specifically to Shoalwater Bay, as announced in the Government's Environment Statement of December 21.

Mr Griffiths said that as a consequence, a strong multi-disciplinary team has been formed to study the resource and economic values of Shoalwater Bay. Their work will form part of the Commonwealth's total assessment of the area.

"Importantly, the methodology to be adopted will set new ground in the assessment of Australia's natural resources," Mr Griffiths said.

"A research emphasis will be placed on the effect of changes in prices, or technology or mining practices on resource and environmental values.

"In addi tion, the resource values of different areas within Shoalwater Bay will be analysed, giving a more detailed understanding of an area which does not have uniform environmental characteristics and which has differing levels of prospectivity for mineral sands or metallic minerals," the Minister said.

"I am confident that this work will generate important new information, and will progress the Government's objective of securing ecologically sustainable development."

r VEALTH L

Information: Kristen Barry: (06) 277 7480 CO^MNTARY PARLiAM T AH 11BRARY

Parliament House Phone: (06) 277 7480

Canberra ACT 2600 Fax: (06) 273 4154