CANBERRA, ACT, May 21 -- The Treasurer of Australia issued the following media release:
Western Australian resources company Arafura Rare Earths will ramp up rare earths mining and create hundreds of jobs in Australia following support from the Albanese Government through the Critical Minerals Strategic Reserve.
The Government has committed $1.2 billion to establish Australia's Critical Minerals Strategic Reserve.
Following the Albanese Labor Government confirming the project will be eligible for the Critical Minerals Strategic Reserve, Arafura Rare Earths has today announced a Final Investment Decision on its Nolans rare earths project in the Northern Territory. The Government has provided a non-binding commitment to secure 500tonnes of...