The Australian Government is promoting international investment opportunities in Australia’s critical minerals industry as part of Australian Critical Minerals Prospectus 2022.
Now in its fourth year, the Prospectus showcases Australia’s world class production capabilities across 55 investment-ready Australian critical minerals projects.
These projects have significant potential to address forecast production shortfalls, build supply chain security, and deliver progress on a net-zero future.
Minister for Trade and Tourism, Don Farrell, and Minister for Resources and Northern Australia, Madeleine King, launched the Prospectus today, which highlights the rising global demand for critical minerals and the enormous opportunity this creates for Australia to fill international market gaps.
The Australian Critical Minerals Prospectus is produced by the Australian Trade and Investment Commission (Austrade), with assistance from Geoscience Australia, the Critical Minerals Office, and the Department of Foreign Affairs and Trade.
Quotes attributable to the Minister for Trade and Tourism, Don Farrell:
“Australia is uniquely positioned to meet global demand for critical minerals that underpin the transition to net zero. We are a trusted and reliable partner in diversifying critical minerals supply chains globally.
“The Prospectus showcases critical minerals opportunities for international investors, helping realise the potential for the global collaboration needed to bring these projects into production.
“We offer investors a stable business environment, transparent regulatory frameworks and a government committed to supporting critical minerals projects.
“Our skilled workforce, world leading environmental, social and governance practices and a transparent regulatory environment puts Australia in a prime position to lead the exploration, extraction, production and processing of critical minerals.”
Quotes attributable to the Minister for Resources, Madeleine King:
“The Australian resources industry will be essential for the world to reach net zero, and Australia’s endowment of critical minerals will help to meet global demand for the minerals essential to clean energy technology.
“The Critical Minerals Development Program will provide an additional $50 million in competitive grants over three years to support early to mid-stage critical minerals projects, together with $50.5 million provided to the Critical Minerals Research and Development Hub.
“The Australian Government also recognises the importance of developing midstream capability. That is why we have committed $1 billion to the Value-Adding in Resources Fund. This fund will deliver $1 billion in investment through loans, equity, and guarantees for businesses who work in value-adding and mining science.”
