Chinese ownership may affect eligibility for Australian critical minerals tax credits, minister says

Australia said on Wednesday it would consider Chinese ownership when deciding whether companies qualify for tax credits under a new program of incentives and support for the critical minerals sector.

Chinese ownership would be among the questions considered when asked if it would affect a company’s eligibility for the tax credits, Resources Minister Madeleine King said.

“We do have a design program, and a few of those matters will be taken into account, and that’s why we don’t introduce it tomorrow,” she said at the Australian Financial Review mining conference in Perth.

(By Melanie Burton; Editing by Tom Hogue)

Reuters

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

off-the-wire

Chinese ownership may affect eligibility for Australian critical minerals tax credits, minister says

By Reuters

Reuters

Reuters

Gold is never going back to $2,000: 'That's history,' prices to 3x from here – Peter Schiff

Solid price gains for gold, silver after busy news weekend

‘Biggest economic shift since Nixon’: Major U.S. monetary policy changes coming in 12-36 months – Jack Mallers

India joins South Africa in denying BRICS currency plans after Trump’s 100% tariff threat

Silver prices breach $32/oz as bullish technicals and fundamentals suggest potential breakout