Government to Spend $75 Million Mining Shares Windfall

Government to spend $75 million mining shares windfall

A government has outlined how it will spend a significant return on investment from shares it acquired to...

State mining revival pays off with new regional resilience fund announced

Tasmania uses Dolphin mine returns to launch a $20m regional fund. Read how the investment windfall will shield workers from future economic shocks.

Tasmania's financial windfall from mine leads to creation of future fund

In 2023, the Tasmanian government acquired 12 per cent of the shares of a struggling tungsten mine after its owner could not repay a $10 million loan. Since then, the price of tungsten has significantly increased, leaving the state government with a one-off financial boon.

Govt to create regional fund with profits from tungsten mine investment

The Tasmanian Government will establish a $20 million fund to support regional communities facing economic disruption, using proceeds from its investment in King Island's Dolphin Tungsten Mine.