COVID relief extends for explorers
Queensland’s explorers have another six months rent-free (March 31, 2021) to keep them on the hunt for the next round of resources projects and jobs.
Supporting Queensland explorers across the state will help industry’s road to recovery whilst also maintaining ongoing resources investment and jobs.
The first rent waiver delivered in May saved exploration companies around $6 million, and the extension will save them a further $6.6 million.
A multi-million-dollar package released in May also:
- froze fees and charges until 1 July 2021
- released almost 7000 square kilometres of land for gas and mineral exploration
- brought forward $2.8 million in grant funds for innovative exploration in the North West Minerals Province.
A strong pipeline of Queensland exploration projects will support explorers future discoveries of new economy minerals and in turn will support future jobs in Queensland's resources sector.
Exploration is essential for the post-COVID recovery for Queensland and help Queensland to keep up with the soaring global demand for critical minerals.
Queensland Resources Council Chief Executive Ian Macfarlane said the extended relief would assist explorers continue their critical work making the new mineral and petroleum exploration to drive new projects, new investment and new jobs across Queensland.
“As the peak representative for coal, metal and gas explorers, producers and their suppliers, QRC has continued to champion measures, including land tax relief, to ensure the resources sector can play the strongest possible role in Queensland’s COVID-19 recovery,” Mr Macfarlane said.
Last updated 6 October 2020