Ann: EDI Tax Credits to be Distributed to Shareholders-VMC.AX, page-7

Anybody knows when and how we get this money this year?



Mining Exploration Incentive proves popularFORTY-SIX mining companies will share in $31 million to explore for Australia’s mines of the future.The funding comes under the Australian Government’s Junior Minerals Exploration Incentive (JMEI) for 2018-19.The initiative offers a total of $100 million over four years from 2017-18 to allow greenfields exploration programs to distribute their tax losses as a credit to Australian resident shareholders.

Mining Exploration Incentive proves popular

FORTY-SIX mining companies will share in $31 million to explore for Australia’s mines of the future.

The funding comes under the Australian Government’s Junior Minerals Exploration Incentive (JMEI) for 2018-19.

The initiative offers a total of $100 million over four years from 2017-18 to allow greenfields exploration programs to distribute their tax losses as a credit to Australian resident shareholders.