Half-million-dollar exploration boost drives North-West resources

North-West Queensland’s resources industry will get a half-million-dollar shot in the arm to drive exploration.

Speaking at the Queensland Resources Council annual State of the Sector event, Minister for State Development and Minister for Natural Resources and Mines Dr Anthony Lynham said the funds would back exploration in the world’s richest base metal region.

“The Palaszczuk Government recognises the importance of north-west Queensland for the economic future of the state,” Dr Lynham said.

“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 $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 annual exploration program.

Dr Lynham told the State of the Sector 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.” 

“This year I granted the three mining leases for the Carmichael project. I declared the project critical infrastructure. These are major steps to get this project going.”

“I remain confident that the resources sector will remain the backbone of Queensland’s economy for decades.”


More Articles


Important Changes to Vegetation Mapping

Updated maps are now available to download. The new maps include the most recent Queensland Herbarium scientific updates to the Regulated Vegetation Management Map, regional ecosystems, wetland, high-value regrowth and essential habitat mapping. These change...

Read More

Testamentary Trust

What is a Testamentary Trust [TT]? TT is a trust created under a person’s will which does not come into effect until after their death. TT has similar characteristics to a discretionary or family trust except the provisions of the trust are set out in th...

Read More

Access regulations for the Petroleum Act

Petroleum Act will come into force on 1 January 2021 The implementation of land access regulations for the Petroleum Act must be the catalyst for requiring the mining sector to operate in a similar manner, this is the position the Northern Territory Cattlemen&...

Read More

Emanate Legal's Barry Taylor comments on landowner rights during trespass

Townsville, Queensland: Queensland lawyer/solicitor Barry Taylor, Foundation Director of Emanate Legal, recently commented on the rights of farming landowners and leaseholders in response to a number of trespass incidents on primary producing properties. &ldqu...

Read More

Introductory Guide to Resumption and Compulsory Acquisition in Queensland

Introductory Guide to Resumption and Compulsory Acquisition in Queensland Written by Emanate Legal’s Barry Taylor (Lawyer/Solicitor) & Venesa Gleeson (Lawyer/Solicitor) Introduction In Queensland, the State or Local Governments can apply to take a...

Read More

Vegetation clearing management services updated

Barry Taylor, Townsville solicitor and foundation member of Emanate Legal, recently updated the information on the Services pages relating to Clearing Management.The updated page outlines the changes made by Queensland in relation to the laws for clearing vege...

Read More

Restructuring family assets for succession services updated

Barry Taylor, Townsville solicitor and foundation member of Emanate Legal, recently updated the information on the Services pages relating to Restructure of Family Assets.The updated services page contains information pertinent to primary producing families an...

Read More

Queensland grazier fined $450k for illegal land clearing

A Queensland grazier, whose bid to bulldoze native woodlands has the support of Federal Government MPs, has been hit with one of the state's heaviest penalties for illegal land clearing. Scott Harris and his company were fined $450,000 in the Cairns Magistrate...

Read More