ThisGlobe.com
General Category => America and australia => australia => Topic started by: smith on October 12, 2026, 06:33:26 PM
-
Tasmania's financial windfall from mine leads to creation of future fund
In 2023, the Tasmanian government acquired 12 per cent of the shares of a struggling tungsten mine after its owner could not repay a $10 million loan. Since then, the price of tungsten has significantly increased, leaving the state government with a one-off financial boon.
Source: Tasmania's financial windfall from mine leads to creation of future fund (https://www.abc.net.au/news/2026-10-13/future-fund-created-from-king-island-tungsten-mine-shares-boon/107254858)