The Geological Survey was founded in the 1852 in the Victorian gold rush era, and proceeded to actively explore the state of Victoria for geological and mineral resources, discovering and mapping extensive gold, brown coal and petroleum resources.
Victoria's mineral, petroleum, extractive and geothermal industries are managed by DPI.
The DPI also provides licensing, monitors environmental standards and reviews significant projects.
Following its move to DPI, the GSV commenced a major and original program of research and remapping of the state, incorporating new understanding of the state's tectonic origins, producing a new series of seamless digital maps and a publicly available database of earth sciences data.
[2] In mid-2012, cuts to the Victorian public service announced by the Baillieu government resulted in almost half of the GSV staff being retrenched, as a result of which it lost the capability to undertake original research on a meaningful scale, and its 'mission' was redefined as no more than a source of government earth science data.