Mineral explorers and producers will be offered petrol and diesel price reprieve in Western Australia.
The state government is inviting resources companies to apply for exemptions from minimum expenditure requirements for mining and exploration tenure.
Applicants must be affected by fuel security issues, meet minimum tenement holder expenditure requirements, and receive case-by-case approval from the State Department of Mines, Petroleum and Exploration.
The fuel assistance initiative is promised to promote active exploration, development, and deter land banking or tenement warehousing.
The policy is scheduled to be reviewed at the end of 2026 and will be assessed on its impact in easing the burden of “high” fuel costs on businesses across the Golden State and addressing supply “uncertainty” issues as they arise.
“I am acutely aware that the high cost of fuel and, in some cases, supply issues are creating significant challenges for our exploration and mining sector,” State Mines and Petroleum Minister David Michael says.
“That is why I am pleased to announce that the government will consider applications for exemptions from minimum spending requirements on a case-by-case basis.”
The State Department of Mines, Petroleum and Exploration is responsible for managing, exploring, and developing petroleum and energy resources in Western Australia.
Write to Richard Szabo at Mining.com.au
Images: WA Department of Mines, Petroleum and Exploration
