Tag: Critical Minerals Facility

The Australian Critical Minerals Prospectus was today released by the Federal Government, showcasing 52 high-quality, investment-ready critical minerals projects. The Prospectus includes projects that are ripe for funding including mining, processing and value-adding opportunities across the critical minerals supply chain, all of which will create more employment for Australians. Federal Resources Minister Madeleine King says Australia’s critical minerals are key to the world’s energy transformation. “But we need to attract investment to get these minerals out of the ground, to process them here, to build the batteries, wind turbines and solar panels required make the switch to a lower carbon economy,” she said. “This prospectus will help attract the investment we need to build new industries, create jobs and reduce…

The Australian Government today launched its 2022 Critical Minerals Strategy today as part of a package of measures to develop the sector, while the nation’s resources and energy exports is expected to reach a record high of $379b this financial year. The updated Strategy builds upon the first one published in 2019, which aims to put Australia at the centre of meeting the growing demand for critical minerals by 2030, and is part of the 2022-23 Federal Budget. Prime Minister Scott Morrison said Australia’s resources companies were leading the world in developing new critical minerals markets. “As the global economy changes, there are exciting new growth opportunities emerging in areas such as rare earths and critical minerals that ultimately mean…