The Tasmanian Government has announced that it will continue to provide financial support to Mallee Resources, recognising the important role that the company’s Avebury mine plays for the West Coast community.
In late July 2023, the State Government offered an immediate support package of payroll tax reimbursement, and said it intends to make available a further package of payroll tax relief to Mallee Resources.
Financial support packages are provided subject to certain terms and conditions in keeping with prudent financial management.
The Tasmanian Government acknowledged the shareholder vote to not accept the offer, which would have provided a funding injection, and understands the company is working to determine next steps.
The company is engaging with their majority shareholder and creditor.
Tasmanian Premier, Jeremy Rockliff, said the Avebury nickel mine is an important employer and economic driver for the West Coast and beyond.
“While the recent shareholder vote is a matter for the company, the Tasmanian Government is watching this situation very closely. We will keep working with Mallee during this period,” Mr Rockliff said.
“The mine directly employs 200 Tasmanians and supports opportunities for local businesses that supply the mine with equipment and services.
“We remain committed to supporting the continued operations of Avebury and securing the important jobs of locals.
“This offer is a strong show of support for the mine, and we hope it will assist Mallee in securing its future.”
Tasmanian Minister for Resources, Felix Ellis, said that the support was in line with previous commitments to the Avebury Mine.
“We remain committed to supporting the mine, its continued operations and most importantly its employees,” Mr Ellis said.
“We are proud to back our mining and minerals processing sector which supports more than 5,200 jobs across the state and provides around 60 per cent of our export earnings.”
Mr Ellis said that the State Government has restored confidence and investment, jobs and exploration in mining.
“We thank Mallee for their commitment to Tasmania, the industry and our West Coast in particular and I look forward to their continued presence on the West Coast into the future.”
