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Australia approves A$100m in tax incentives for junior miners
(Image courtesy of the Minerals Council of Australia)
The Australian government announced that it will contribute A$100 million to extend the Junior Minerals Exploration Incentive four more years. The program allows eligible companies to access tax incentives to attract new investors.
“The Coalition Government will continue to support our junior mining companies and encourage exploration and development of new resource deposits,” Keith Pitt, Minister for Resources, Water and Northern Australia, said in a media statement. “We need to ensure that we have a continuous investment pipeline for development across regional Australia.”