New Australian Critical Minerals Prospectus highlights investment-ready projects

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The Australian Government has released the Australian Critical Minerals Prospectus, showcasing 52 investment-ready projects in mining, processing, and value-adding sectors, aiming to create more jobs and increase funding for critical minerals.

The Federal Government is committed to transitioning to a net-zero economy, leveraging Australia’s critical mineral resources for global green technology adoption.

“The road to net zero run through Australia’s resources sector,” Minister for Resources Madeleine King said. “Australia’s critical minerals are key to the world’s energy transformation.”

However, Minister King emphasised the need to attract investment minerals from the ground, process them, and build batteries, wind turbines, and solar panels to transition to a lower-carbon economy.

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“This prospectus will help attract the investment we need to build new industries, create jobs and reduce global emissions.”

The Prospectus highlights Australia’s ability to meet global demand for critical minerals and enhance supply chain security through projects from the new Critical Minerals List.

According to independent research, Australia remains the most attractive area in the world for mining investment due to its solid economy, which is supported by strong exports, services, and a stable regulatory framework.

The Australian Government is promoting investment in critical minerals projects, including through the expanded $4 billion Critical Minerals Facility.

“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,” Minister for Trade and Tourism Don Farrell said.

Minister Farrell stated that the Prospectus highlights significant Australian critical minerals opportunities for international investors, highlighting the country’s abundant resources, robust regulatory environment, and numerous free trade agreements with countries in need of these resources.

“More international investment in critical minerals means more jobs, including value-adding jobs for Australian workers on these projects,” he added.