The Resources Industry Development Board (RIDB) was established in 2000 as a key response to recommendations of the Resources Task Force, set up in 1999 to report on strategies to shape the future of the industry.
The main function of the RIDB was to enhance the growth and contribution of South Australia's mineral and petroleum resources sector to the state's economy.
Its key objectives were to:
- Make land more accessible through a policy of multiple land use accomplished in a culturally and environmentally sensitive approach engaging with all stakeholders.
- Stimulate vibrant exploration activity through the provision of accessible, relevant and innovative pre-competitive data, supportive government policies and initiatives, and continued discovery success.
- Expedite sustainable development, production and processing to ensure the full value chain of the resources sector is realised - including social inclusion, regional development, training and employment, and research and development (R&D) capacity enhancement.