The federal government’s Junior Minerals Exploration Incentive (JMEI) has again been oversubscribed, with 43 companies successfully applying for the A$30-million of available credits for the 2019/20 year, the Association of Mining and Exploration Companies said on Friday. The JMEI is a tax credit arrangement, which allows mineral exploration companies that have no mining income to raise capital and to renounce and pass future tax deductions to their Australian resident investors.
