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Even if they access the loans they're still not going to start...

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Tarvold

19,152 Posts.

1209

14/05/24

21:26

Post #: 73823988
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Originally posted by Hingdog: ↑

"Earlier this year, Prime Minister Anthony Albanese's government classified nickel as a "critical mineral", allowing the local industry access to billions of dollars in cheap government loans"

Doesn't sound like tax credits to me?

These are loss making mines, the private sector has put most(all?) of them on care and maintenance already because they couldn't keep raising capital to fund the losses, the govt won't get their money back if they start pouring money into them, for the same reason the private sector stopped funding them

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Even if they access the loans they're still not going to start operations, the money will be used for care & maintenance.
Conmercial companies don't intentionally make losses.
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