❓ Question requests details of companies receiving payments under the Exploration Incentive Scheme and the amounts received annually since the scheme's inception. The answer directs to a tabled paper containing the requested information.
AnsweredQoN 2370Legislative Assembly
QuestionView source ↗
For each of the years since the inception of
the Exploration Incentive Scheme I ask: (a) which companies have received payment from the State Government
under this scheme; and (b) how much did
they receive?
the Exploration Incentive Scheme I ask: (a) which companies have received payment from the State Government
under this scheme; and (b) how much did
they receive?
AnswerView source ↗
Answered
12 August 2014
Responded by
Minister for Mines and Petroleum
Response time
63 days
The Department of Mines and Petroleum advises:
(a)-(b)
The Exploration Incentive Scheme consists of a number of programs of which only the Government Industry Co-funded Exploration Drilling program offers financial support to explorers in the form of a refund of up to 50 per cent of direct drilling costs.
Projects offered co-funding are selected through a highly competitive, audited process and receive the refund after the completion of the drilling project and after submission of the results of the project. These results are released publicly much earlier than under the provisions of the
Mining Act 1978
and help reduce the risk associated with exploration by increasing the knowledge of geology in underexplored areas of Western Australia.
R
efunds by year, by company are provided
[See Tabled Paper no.].
(a)-(b)
The Exploration Incentive Scheme consists of a number of programs of which only the Government Industry Co-funded Exploration Drilling program offers financial support to explorers in the form of a refund of up to 50 per cent of direct drilling costs.
Projects offered co-funding are selected through a highly competitive, audited process and receive the refund after the completion of the drilling project and after submission of the results of the project. These results are released publicly much earlier than under the provisions of the
Mining Act 1978
and help reduce the risk associated with exploration by increasing the knowledge of geology in underexplored areas of Western Australia.
R
efunds by year, by company are provided
[See Tabled Paper no.].
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