The Federal Government has backed Australia’s critical minerals sector, releasing a prospectus highlighting a variety of mining, processing and value adding opportunities across the critical minerals supply chain across the country.
The Australian Critical Minerals Prospectus showcases 52 high-quality, investment ready critical mineral projects, all of which would see more jobs for Australians.
The Federal Government is committed to transitioning to a net zero economy, and Australia’s critical mineral resources will be vital in the global shift to green technology such as solar panels, electric vehicles, and wind turbines.
The Prospectus showcases projects from the new Critical Minerals List as well as Australia’s capability to meet rising global demand in critical minerals while building supply chain security.
Independent research has found that Australia continues to be the most attractive region globally for mining investment, with its secure economy, backed by strong exports, services, and a stable regulatory environment.
The Federal Government is actively supporting investment in critical minerals projects, including through the recently expanded $4 billion Critical Minerals Facility.
Federal Minister for Resources, Madeleine King, said that the road to net zero runs through Australia’s resources sector and that Australia’s critical minerals are key to the world’s energy transformation.
“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 to make the switch to a lower carbon economy.
“This Prospectus will help attract the investment we need to build new industries, create jobs and reduce global emissions.”
Federal Minister for Trade and Tourism, Don Farrell, said, “Australia is on the cusp of a golden age in critical minerals development. We are actively engaging with international trade and investment partners to diversify our critical minerals supply chains and create new opportunities.”
Mr Farrell said that the Prospectus showcases many game-changing Australian critical minerals opportunities for international investors.
“We have an abundance of minerals with a strong regulatory environment, and a range of free trade agreements with countries in need of our resources.
“More international investment in critical minerals means more jobs, including value-adding jobs for Australian workers on these projects.”
