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Queensland “ We have hit over 20% renewable energy

usage in Queensland and we are well on
our way to 50%. Unlike other states, we came in
after the Newman Government which was anti-
renewable energy. We had virtually nothing built
and were well behind the other states. Now, we
have more than caught up and, in fact, leading
some of the other states in renewable energy.

Anthony Lynham

comes more insular and tends to mine Prior to the coronavirus health crisis,
more of its own product rather than im- there was a 27% uptick in exploration ac-
porting. I am expecting a ramping up tivity in Queensland.
of Chinese coal production, which will “We need to get explorers on the
again put pressure on our coal pricing.” ground and give them incentives to find
Therefore, Lynham urged the Aus- the minerals of the future. Now is the
tralian Government to do all it could to time to stimulate exploration, so resourc-
help prop up industry during challenging es jobs are secure. Put people on the
times. ground now and given them jobs through
“It should consider the resources sec- stimulus for exploration. When the coro-
tor and it should make sure that the re- navirus impact is over, we’ll have discov-
sources sector is included in any stimu- eries and then we will further increase ahead of us producing cobalt are in very
lus package,” Lynham said. the prosperity of the resources sector politically unstable areas. We are the
He added that one of the quickest ways and the nation,” Lynham said. most secure supplier of cobalt in the
for the Federal Government to stimulate “Our government has provided incen- world and I only see us growing, but we
the resources sector was to throw unre- tives and they are discovering the miner- need exploration to find those new sup-
served support behind the exploration als of the future. We are the world’s fifth plies of cobalt.”
sector. largest producer of cobalt. The places – Mark Andrews

Queensland is one of the world’s top producers of cobalt

aUSTRaLIa’S PaYDIRT aPRIL 2020 Page 33