Oz Govt Moves On Critical Minerals

The Australian government on Thursday announced new financing measures to assist in building the rare earth and critical minerals sector, including those minerals used for defence.

A dedicated project facilitation office will be established within the Department of Industry, while critical mineral projects will also become eligible for financial support through Export Finance Australia (EFA) including the Defence Export Facility.

Furthermore, changes will also be made to allow projects to access dual funding through the EFA as well as the Northern Australia Infrastructure Facility (NAIF), while the government will also commit A$4.5-million to fund critical minerals research by key Commonwealth scientific agencies.