[Ferro-Alloys.com] 

Australian mining group pushes govt for tax credit as lithium, nickel prices slump

An Australian mining association has called for a new production tax credit during meetings with senior ministers called as nickel and lithium miners curtail projects and review new mines in response to a global slump in prices.

In response, Australia should introduce a 10% production tax credit (PTC) for downstream producers to save jobs and preserve the country’s ambitions of becoming a critical minerals powerhouse, Neil van Drunen, acting CEO of the Association of Mining and Exploration Companies (AMEC) said in a statement on Thursday.

AMEC on Thursday also recommended government defer royalties, provide funding for shared infrastructure and reform the environmental approval process, among other changes.

• [Editor:邢亚敏]