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Australian explorers fume as EDI is dumped from Budget

The Association of Mining and Exploration Companies (AMEC) has blasted the federal government’s decision to dump the Exploration Development Incentive (EDI) from its latest Budget, labeling it a “betrayal” of the mineral exploration industry in Australia.

“It is turning its back on future mineral discoveries and mining development in Australia,” said AMEC CEO Simon Bennison on Thursday.