Government support for critical minerals – TheBull.com.au

by | Sep 19, 2022 | Engineer

The Australian Government has approved a series of grants to accelerate the development of the critical minerals resources industry as part of our efforts to reach net zero.
Minister for Resources and Northern Australia Madeleine King said the Government is delivering $50 million in grants to six key projects to unlock the potential of Australia’s critical minerals sector.
The projects will also bolster development across Northern Australia, generate new jobs and drive regional economic growth.
“Australia has the potential to become a major global supplier of critical minerals and rare earths which will be essential to help Australia and the world transition to low-emissions technology and achieve net zero emissions by 2050,” Minister King said.
“The grants will accelerate early and mid-stage projects, driving new investment in our processing and manufacturing capabilities as we develop our critical minerals sector.
“Australia has vast reserves of critical minerals which are crucial to batteries and electric vehicles, as well as the medical equipment production, defence, aerospace, automotive and agritech industries.
“These junior projects, should they be successful in scaling up to full production, will help diversify global critical minerals supply chains.”
The successful grant recipients are:
Minister King said the grants would support more than 500 new jobs in regional and northern Australia.
The Australian Government has approved a series of grants to …
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