Tag: Resources and Northern Australia Minister Matt Canavan

THE opening of The Critical Minerals Facilitation Office, announced by Resources and Northern Australia Minister Matt Canavan last week, aims to untap Australia’s rich resource of critical mineral deposits. The new facility will be led by Jessica Robinson, a former senior official in Treasury and Prime Minister and Cabinet. The Office bases its strategy targets actions in three areas: to promote investment in Australia’s critical minerals sector and downstream processing; provide incentives for innovation to lower costs and increase competitiveness; and connect critical minerals projects with infrastructure development. This will be achieved by coordinating and connecting government, industry and the research sector. Ms Robinson said her mission is to work with the sector to develop a clear, shared vision for...

THE Federal Government has announced new financing measures for the rare earths and critical minerals sector – particularly those strategically important for defence end-use. Projects which boost our ability to extract and process critical minerals in Australia will be eligible for financial support through Export Finance Australia (EFA), including the Defence Export Facility. Projects will also have access dual funding through the EFA and the Northern Australia Infrastructure Facility (NAIF), as well as a dedicated project facilitation office within the Department of Industry. Resources and Northern Australia Minister Matt Canavan said the financing options would secure the future of rare earth and critical mineral projects and would allow Australian companies to maximise access to existing government support to expedite new...