Queensland Government Unveils $164m Investment to Boost Critical Minerals Sector
Australia’s Queensland Government has unveiled a plan to invest A$245m under its Critical Minerals Strategy to stimulate critical minerals production, lure investments, and reduce rents on mining exploration leases. The initiative will offer A$55m to exempt companies from paying rents for new and existing exploration minerals permits for the next five years. A further A$75m will be directed to establish critical mineral zones at Julia Creek/Richmond and Mount Isa. Additionally, a new office, Critical Minerals Queensland, will be established to oversee the sector development. Other plans involve investing A$5m for managing mining waste and tailings, A$8m for scientific research, and A$100m for the Critical Minerals and Battery Technology Fund to support new project investments.
Source: https://www.mining-technology.com/news/queensland-investment-critical-minerals/
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