Queensland Resources Council chief executive Ian Macfarlane . Picture: John Gass
Business Staff writers
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Subscriber only The Queensland Resources Council has welcomed an announcement of a $100m, four-year renewal of its Junior Minerals Exploration Incentive. QRC chief executive Ian Macfarlane said the federal government s move would help Queensland explorers bring new technology like remote sensing, machine learning and bio-indicators to the field. The program will give eligible exploration companies access to tax incentives to attract new investors into the sector and potentially benefit 500-plus mineral exploration companies currently operating across Queensland, Mr Macfarlane said. He said about 70 per cent of exploration companies in Queensland have a market capitalisation value of less than $500m, meaning they re eligible to apply for tax incentives under the renewed JMEI program.