The Victorian Government is unlocking new investment opportunities across Victoria’s extractive resources industry by ensuring the steady supply of critical raw materials to fuel the state’s infrastructure pipeline and fast-growing housing market.
Through targeted policy improvements, streamlined approvals, and the removal of regulatory barriers, Victoria is enhancing certainty and efficiency for investors—creating the right conditions for new capital to flow into the quarry and extractive materials sector.
The newly released Extractive Resources Joint Ministerial Statement 2025 sets the strategic direction for future growth and investment. It supports a sustainable supply of construction materials to underpin the state’s infrastructure delivery and housing targets, while also backing Victorian jobs, industry development and liveability.
The outlook for quarry production has improved across Victoria and unlike other jurisdictions with growing populations, approval times are 40% faster on average than in previous years.
The Joint Ministerial Statement will help to further fast-track quarry approvals by removing barriers between government departments – meaning the quarry sector can make investment decisions with more certainty.
By getting quarry approvals moving faster, cutting unnecessary delays, and giving industry more certainty to invest.
Minister for Planning, Sonya Kilkenny
The statement strengthens state planning policies to be clearer on where new quarries can be established in the future with the creation of Strategic Extractive Resources Areas – which will direct development to appropriate areas and give greater certainty to the community about where quarries will be located.
By shoring up quarry’s construction supply, the Joint Ministerial Statement is also complementing the Victorian Government’s bold housing reforms with a small sized home typically requiring a minimum of 250 tonnes of rock and sand.
Record investment in infrastructure across the state is also driving demand for raw quarry materials – making it critical for the quarry sector to be able to provide affordable raw materials close to construction and reduce the likelihood of supply shortages in the years to come. Demand for these raw materials remains high and is forecast to reach 93 million tonnes in 2034 – further highlighting the importance of long-term supply certainty.
The Victorian Government has been speeding up approvals for new quarries with the Resources Victoria Approvals Coordination (RVAC) unit, which has been helping bring future resources to market close to where they are needed.
Since 2022, RVAC has supported the approval of close to 480 million tonnes of raw quarry materials, which exceeds target approvals over the same period by 100 per cent.
With a streamlined regulatory framework, clear long-term planning, and strong government support, Victoria’s extractive resources sector is primed for private investment.
For investors, this means faster pathways to market, reduced red tape, and access to a growing pipeline of high-demand projects across regional and metropolitan areas. The sector’s alignment with major housing and infrastructure priorities ensures that investment today will help meet the needs of tomorrow.
Explore the Victorian Government’s strategies that will drive your business growth, innovation, and sustainability.
