Economic·ABC Australia·3d agoAustralia
Tasmania's Tungsten Stake Pays Off
12% mine share acquired after $10M loan default
Positive1 min readImportance
AI Summary
Tasmania acquired 12 per cent of a struggling tungsten mine in 2023 after its owner defaulted on a $10 million loan. Rising tungsten prices have since delivered the state government a one-off financial windfall.
Keywords
Tasmaniatungstenminingstate investmentcommodity prices
