Miners welcome Critical Minerals Stratgey Australia - Resources HEAD TOPICS

Miners welcome Critical Minerals Stratgey

10/21/2022 12:24:00 PM

#Australia' s #resources sector has welcomed #plans for a #CriticalMineral #strategy announced by #government along with #funding to #support the #sector @CMEWA @amec_org #BatteryMinerals #mining

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MiningWeeklyAUS

Australia 's resources sector has welcomed plans for a CriticalMineral strategy, announced by government, along with funding to support the sector CMEWA amec_org BatteryMinerals mining The Australia n resources sector on Friday welcomed the federal government’s National Critical Minerals Strategy, which is being developed in consultation with industry and community stakeholders, including traditional owners. Prime Minster Anthony Albanese said that the strategy would complement other government initiatives including the National Battery Strategy and the Electric Vehicle Strategy. Prime MinisterAdvertisementAdvertisementThe Hub will combine expertise from Geoscience Australia, the Commonwealth Scientifica and Industrial Research Organisation (CSIRO) and the Australian Nuclear Science and Technology Organisation to work with Australian industry to address technical challenges and support international research and development collaborations. Rebecca Tomkinson“Australia has a massive opportunity in the critical minerals space, to create jobs and attract investment that helps communities flourish, and to add value through mid and downstream processing,” Tomkinson said.Association of Mining and Exploration Companies (Amec) CEO Read more:
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Prime Minister Anthony Albanese said that the strategy would complement other government initiatives including the National Battery Strategy and the Electric Vehicle Strategy. Advertisement He said that these initiatives will expand Australia’s mining science technology capability, diversify supply chains, create local jobs and help drive growth in the critical minerals sector including rare earths, a key component of low-emissions technologies, such as batteries, electric vehicles and solar panels. Settlers planted Balm of Gilead trees on either side of the main street, which stand much larger today. “Australia’s natural resources have powered our nation and we are committed to supporting the critical minerals sector and new clean technologies to reach our target of net zero, and make our nation an economic powerhouse with a clean energy future,” Albanese said. Advertisement “Today’s new initiatives will ensure we can create and support local jobs, diversify global supply chains and meet the growing demand for batteries, electric vehicles and clean energy technology. used to be a leader in lithium production, but it's since ceded that position to foreign nations, including China. ” Additionally, next week’s Budget will include A$50. Dearfield Inspired by Booker T.5-million over four years to establish the Australian Critical Minerals Research and Development Hub to help unlock Australia’s critical minerals potential. The Hub will combine expertise from Geoscience Australia, the Commonwealth Scientifica and Industrial Research Organisation (CSIRO) and the Australian Nuclear Science and Technology Organisation to work with Australian industry to address technical challenges and support international research and development collaborations. The government will also allocate A$50-million over three years to the Critical Minerals Development Program for competitive grants to support early and mid-stage critical minerals projects, building on the A$50-million recently committed to six key projects across Australia. Sixty families once resided in this agricultural area spanning 15,000 acres between Greeley and Fort Morgan. The Chamber of Minerals and Energy (CME) of Western Australia has welcomed the development of a National Critical Minerals Strategy, with CEO Rebecca Tomkinson saying the opportunity to help fashion the strategy was well received by the Western Australian mining and resources sector. history — underscores this new push toward domestic production of vital materials. Tomkinson said the critical minerals strategy was of particularly relevance to Western Australia, which is home to a wide variety of future-facing commodities, including many of the minerals necessary for battery production.  “Australia has a massive opportunity in the critical minerals space, to create jobs and attract investment that helps communities flourish, and to add value through mid and downstream processing,” Tomkinson said. Alta Unlike many ghost towns in Colorado, Alta held a lengthy success. “But taking full advantage of that opportunity requires collaboration and conversation across State borders, and for there to be a clear national vision for what Australia can achieve with its critical mineral wealth. “I know our member companies will very much welcome the opportunity to have a ‘seat at the table’ and help mould a strategy that is going to plot the path for a key part of the mining and resources sector for decades to come,” she said. Association of Mining and Exploration Companies (Amec) CEO Warren Pearce said the new strategy was an opportunity to develop a clear path to accelerate the growth of critical minerals projects across Australia, to meet its energy transition targets. With an all-wheel drive vehicle or , Alta is accessible from June to late fall. Pippa Stevens CNBC The sun bears down and it hardly rains — ideal conditions for this type of lithium extraction, which depends on solar evaporation. “Locking A$50.5-million into the Budget over four years to establish the Australian Critical Minerals Research and Development Hub, combining expertise from Geoscience Australia, CSIRO and the Australian Nuclear Science and Technology Organisation is an investment into the future.” “The Hub’s expertise will fast-track the research and innovation needed to continually find new ways of processing our natural resources,” said Pearce. Unsplash / Clint McKoy St. “A further A$50-million will be allocated over three years to the Critical Minerals Development Program for competitive grants to support early and mid-stage critical minerals projects. This is in addition to the A$50-million already committed to six projects across Australia, and will be vital to accelerating the development of emerging projects across the nation. "The U. “Together with the government’s National Battery Strategy and Electric Vehicle Strategy, Australia’s wide range of critical minerals resource projects now have a clear framework and future vision. During its boom era in the early 1880s, roughly 2,000 miners filled the cabins and parlors.” Pearce said that the announcement of the Critical Minerals Strategy and commitments to research and projects, would help to grow Australia’s critical minerals industry and expand downstream processing, enabling Australia to realise and retain greater value for its mineral resources. The International Energy Agency projects mineral demand for use in electric vehicles and battery storage could grow at least 30 times to 2040. Australia is the world’s largest lithium producer, and latest figures forecast the value of lithium exports are due to increase more than 10 fold over two years, from $1. Elmo Town Hall & Jail and the old general store being main attractions.1 billion in 2020/21 to almost A$14-billion in 2022/23, with continued growth over future years. Silver Peak produces lithium from brine tapped from the Clayton Valley basin. “These minerals will be critical to Australia achieving net zero emissions, and to helping the rest of the world make that transition as well,” Albanese said on Friday. The development of a battery industry could contribute A$7. By 1860, the population soared to 2,500.4-billion annually to Australia’s economy and support 34 700 jobs by 2030. Edited by: Creamer Media Reporter .