Australia Offers Huge Tax Incentive to Attract Mining Investment

Published: Sep 5, 2017 15:37

Save

Australian Prime Minister Malcolm Turnbull has unveiled a A$100 million ($80 million) tax incentive to encourage investment in junior mining exploration companies across Western Australia.

SHANGHAI, Sept. 5 (SMM) – Australian Prime Minister Malcolm Turnbull has unveiled a A$100 million ($80 million) tax incentive to encourage investment in junior mining exploration companies across Western Australia.

Commerzbank Sees Growing Possibility of Corrections in Base Metals

Western Australia was hurt by the nation’s resources slowdown.

Mexico to See More Mining Investment in 2017 on Higher Metals Prices

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

Australia Mining Investment

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

14 mins ago

Shanghai Spot Copper Price Spread Narrowed as Consumption-Driven Characteristics Emerged [SMM Shanghai Spot Copper]

[SMM Shanghai Spot Copper] Looking ahead to tomorrow, the Shanghai spot copper market is expected to remain under pressure. After copper prices jumped, downstream procurement sentiment pulled back, indicating limited acceptance of current price levels. From the market structure perspective, suppliers showed strong willingness to sell, with some brands continuing to offload cargo, putting pressure on discounts. Downstream buyers mostly maintained a wait-and-see stance, with procurement mainly driven by rigid demand and buying on dips. It is worth noting that the price spread between high-quality copper and standard-quality copper narrowed somewhat from the previous period, indicating that the market trading structure has become more rational, with actual consumption demand becoming the dominant force at the current stage. Overall, amid the tug-of-war between suppliers actively selling and downstream buyers purchasing cautiously, spot prices against the 2604 contract are expected to maintain the current discount level tomorrow.

14 mins ago

26 mins ago

Buyer Procurement Demand Surged in a Concentrated Manner, Sending Yangshan Copper Premiums Sharply Higher [SMM Yangshan Spot Copper]

26 mins ago

32 mins ago

Inventory Fell for the Seventh Consecutive Session, Suppliers Actively Held Prices Firm, and Spot Premiums Rose [SMM South China Spot Copper]

32 mins ago