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Northbridge Industrial Services Plc

Queensland introduces multi-million-dollar support package to back resources sector

Australia’s other resource state, Queensland, has unveiled a multi-million dollar package aimed at supporting the survival and revival of explorers to maintain its pipeline of resource projects and jobs.

The package includes:

  • a 12-month waiver of rent on exploration land due between April 1 and September 1;
  • a freeze on fees and charges until July 1 2021;
  • the release of almost 7,000sqkm of land for gas and mineral exploration later this month; and
  • bringing forward $2.8m in grant funds for innovative exploration in the North West Minerals Province.

Northbridge Industrial Services plc (LON:NBI) hires and sells specialist industrial equipment to a non-cyclical customer base. With offices or agents in the UK, US, Dubai, Belgium, Germany, France, Australia, Singapore, New Zealand, Brazil and Korea, Northbridge has a global customer base.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.