Who owns Queensland’s minerals and gas?
The Queensland Government owns all resource rights (mineral, coal, gas, oil). The Queensland Government assesses and awards tenure a capable party to extract and sell the resource on behalf of the State. In return, the Queensland Government receives a royalty (as well as rent on the land) on the product payable by the capable party. All activities that are undertaken on the tenure are regulated by the Queensland Government.
Exploration Regulatory Framework – at a glance
Exploring for minerals and gas in Queensland is a regulated activity by the Queensland State Government. The Department of Natural Resources and Mines is the regulator of all exploration and resource based activities.