Qld gives a boost to exploration
PERTH (miningweekly.com) – The Queensland government has set aside A$500 000 to back exploration in the world’s richest base metals region.
Minister for State Development and Natural Resources and Mines, Dr Anthony Lynham, said on Wednesday that the state government recognised the importance of north-west Queensland for the future of the state.
“There are already green shoots popping up across Queensland’s resources sector including in the North West, such as the recent opening of CuDeco’s A$640-million Rocklands copper mine near Cloncurry.
“These funds will help to continue this momentum. It will provide direct support for drilling exploration to drive greater exploration success – the fundamental of our resources sector.”
The exploration boost comes on top of the recent release of land for exploration in the north-west as part of Queensland’s yearly exploration programme.
Lynham said that although it had been a tough year for the resources sector, conditions were improving, especially for coal.
“The coking coal spot price has doubled since last November, and the spot price of thermal coal has almost doubled since July,” he said.
“And our government is taking action to help drive the resource sector’s recovery, on top of our existing royalties freeze, the lowest payroll tax rate in the country and heavy investment in innovation.”
“I remain confident that the resources sector will remain the backbone of Queensland’s economy for decades.”
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation