Tag: critical minerals

The Victorian Government says it is strengthening the state’s manufacturing capability by boosting critical minerals processing, announcing new grants aimed at establishing a local antimony processing industry and creating jobs in regional Victoria.

Australia’s manufacturing and resource capabilities have been bolstered by the latest Australian Government stocktake of mineral resources, which points to strong growth in exploration, production and economic potential for critical minerals essential to advanced manufacturing and clean energy technologies.

The Australian Renewable Energy Agency (ARENA) has announced up to $5 million in funding for Queensland startup Banksia Minerals to support a pilot project aimed at advancing copper production and strengthening Australia’s critical minerals capability.

The Queensland Government has announced a trade mission to East Asia aimed at strengthening manufacturing and resources ties, with Minister for Natural Resources and Mines and Manufacturing Dale Last leading a delegation to South Korea and Japan to promote investment and economic growth in the State’s mining and manufacturing sectors.

The Australian Government says it is seeking to position the country as a global leader in the production and processing of critical minerals, as it promotes new investment opportunities to international partners.

Manufacturing supply chains are set to be a key focus of the Albanese Government’s newly detailed $1.2 billion Critical Minerals Strategic Reserve, which aims to secure minerals essential to Australia’s economy, national security and domestic manufacturing capability. 

The House of Representatives Standing Committee on Primary Industries has launched an inquiry into the factors shaping social licence and economic development outcomes for critical minerals projects across Australia, including their role in domestic manufacturing and industrial supply chains.

The Victorian Government has approved a new work plan for VHM Limited’s Goschen Rare Earths and Mineral Sands Project, a move expected to create jobs and expand the state’s critical minerals sector. 

Tasmania is poised to benefit from the new bilateral framework on critical minerals and rare earths signed between Australia and the United States, according to the Tasmanian Government.

Prime Minister Anthony Albanese and United States President Donald J. Trump have signed a landmark agreement to strengthen bilateral cooperation on critical minerals and rare earths, marking a new phase in the two nations’ strategic and economic partnership.