Qld committed to exploration - Minister
PERTH (miningweekly.com) – The Queensland government has said that exploration would continue to play a vital role in supporting jobs across the state, and would form a key part of the state’s economic recovery plan from Covid-19.
In its last state Budget, the Queensland government has set aside nearly A$5-million in investment to help strengthen the resources exploration sector.
“We know that supporting the exploration industry is important for finding new deposits and developing new projects. In turn, more projects mean more royalties, exports and more jobs for Queenslanders,” Resources Minister Scott Stewart said.
“That is why we are backing the sector with a range of grants and opportunities for explorers. We will do this with A$2.5-million towards Collaborative Exploration Initiative grants and a further A$2.2-million to help with the development and expansion of the New Economy Minerals industry in Queensland.
The state government has invested more than A$6.8-million in exploration grants and programmes since 2017.
Stewart said the latest Australian Bureau of Statistics (ABS) data showed exploration expenditure continued to grow significantly.
“According to the latest ABS statistics, investment in Queensland exploration has increased by an impressive 22.5% to A$705-million in 12 months,” he said.
“Queensland’s boost in exploration expenditure has come from strong growth in exploration for minerals, up 14.5%, and oil and gas, up 53.1%, compared to the previous 12 months.
“Building on this, last year alone the government released a total of 8 205 km2 for gas exploration to maintain a pipeline of future resources projects. Backing the resources sector is a key part of Queensland’s economic recovery from the Covid-19 global pandemic.”
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
FlameBlock is a proudly South African company that engineers, manufactures and supplies fire intumescent and retardant products to the fire...
VISIT SHOWROOM
We supply customers with practical affordable solutions for their testing needs. Our products include benchtop, portable, in-line process control...
VISIT SHOWROOM
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
