Bush Diary - February 2024Andrew Penkethman, Ardea’s Managing...

Bush Diary - February 2024



Andrew Penkethman, Ardea’s Managing Director and CEO was part of an AMEC led delegation in Canberra on 28 February 2024, taking part in meetings and briefings to Minister for Resources the Hon Madeleine King, Friends of Resources, Treasury Officials and others, providing further information about how a Production Tax Credit (PTC) could work for Australia.
With the key consideration that a PTC would help encourage additional investment and job opportunities and allow Australia to compete against incentives currently available in other countries for downstream processing.
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AMEC (Association of Mining and Exploration Companies)’s Post:

An AMEC led delegation of companies conducted a number of meetings in Canberra today. Productive trip for Production Tax Credit.

These meetings are an important step in providing further information about how a Production Tax Credit (PTC) could work for Australia and compete against incentives currently available in other countries for downstream processing.

Briefings included the Minister for Resources Madeleine King, Treasury Officials, Co-Chairs of the Parliamentary Friends of Resources Dan Repacholi + Susan McDonald and Opposition MPs.

Thanks to the companies for their support: Luca Giacovazzi + Martin Staples of Wyloo, Robyn Denholm + Dev Tayal of Tesla, Matt Dusci + Chris Tiemann of IGO Ltd, Sandra McInnes, GAICD of Pilbara Minerals Limited, Andrew Penkethman of Ardea Resources Ltd, Samantha McGahan of Australian Vanadium Limited, Ashley Martin of Atlantic Vanadium Pty Ltd, Gavin Loyden + Joanne Bergamin of QEM Limited (ASX:QEM), Warren Pearce + Neil van Drunen of AMEC (Association of Mining and Exploration Companies)





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