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.
5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on www.abc.net.au — the content belongs to ABC News Australia - Business.
