Category: Federal Government Policy

“It can take years, if not decades, for exploration companies to gain approvals to explore to get minerals and commodities out of the ground and transported to customers, so maintaining long-term confidence in our sector is essential for investors to make long-term decisions.” QUEENSLAND miners are growing increasingly fearful that the state government is embarking on decisions that may impact the sovereign risk of resources projects without due consultation after it has been revealed a bill is being prepared that will allow mining project approvals to be retrospectively retracted or changed. “Without consistent and successful exploration, and the confidence of domestic and international investors, there is no Queensland resources industry,” he said.