Australian Government to loan $550m for Arafura rare earths project
Australia is looking to diversify away from China’s rare earth supply chains.
15 March 2024
15 March 2024
Australia is looking to diversify away from China’s rare earth supply chains.
The proceeds will be used to purchase the remaining 66.7% stake in Amalgamated Minerals.
Dive into the details of this anticipated resurgence and the factors shaping the global silver market.
The projects will be on hold until a comprehensive environmental impact study is completed.
Approval of the loan, with an expected tenure of seven years, is a significant step towards the full financing of the project.
The project is expected to create around 1,800 direct jobs during construction and 360 jobs after operations commence.
Touted as a climate change solution, AI has been criticised for its vast energy demand, and its history of “turbocharging disinformation”.
The company has now obtained all necessary permits, including atmospheric emissions and environmental authorisation licences.
Merging industry-leading business intelligence & award-winning journalism, this is an unrivalled opportunity for engagement with B2B professionals across a network of 40+ leading media websites.
Steer your business strategy with key data and insights from our latest market research reports and company profiles. Not ready to buy? Start small by downloading a sample report first.
Give your business an edge with our leading industry insights.