14 June 2018
Minister for Resources
Growing our mining industry
The Hodgman Liberal Government is committed to strengthening the long-term outlook for our mining sector as part of our Plan to Build Your Future.
Mining and minerals processing is a key economic pillar in Tasmania, with the sector responsible for 55 per cent of our exports or more than $1.5 billion a year.
The 2018-19 Budget includes $2 million for the new Exploration Drilling Grant Initiative to expand the mining industry in Tasmania.
The funding will support increased ‘greenfield’ mineral exploration through funding 50 per cent of direct drilling costs incurred on approved programs.
This sits alongside ongoing programs including our $1.4 million Geoscience Initiative, which aims to provide geoscientific data that will underpin the industry’s future, and our $1 million Mining Sector Innovation Initiative, which will see exciting new technologies, solutions to mine rehabilitation and other cutting edge projects explored.
The Budget also includes continued funding for the Mineral Exploration Investment Attraction Plan, which promotes mining and exploration in Tasmania to a national and international market.
By ensuring a strong and growing mining sector we are boosting jobs, supporting families and driving economic activity in regional areas.
There is no stronger supporter of Tasmania’s mining industry than the Hodgman Liberal Government.