By Peter Roberts Some years into Australia’s newfound awareness of critical mineral supply chains and their importance to electrification and new technologies, have things changed all that much? Mostly, despite the hype of our being a battery or other materials ‘superpower’, Australia still supplies the raw materials and others do the economic value adding in…
Queensland science strategy to support new industries The Queensland government has launched a Future Queensland Science Strategy 2024-2029 which aims to capitalise on fields such as renewable energy, climate change mitigation and quantum and advanced technologies. It will seek to generate and translate Queensland’s scientific endeavours into new industries and investment. Science Advisory Council Queensland…
Arafura Rare Earths will conduct a pre-feasibility study (PFS) of a potential Phase 2 expansion of rare earths processing capacity at its giant Nolans project in the Northern Territory. The decision to embark on the $15 million study follows an in-house preliminary study which looked at the potential of the rare earths deposit to support…
Arafura Rare Earths has secured conditional approval for up to US$115 million in loan guarantees from a German inter-ministerial committee – the final approval required to complete the senior debt structure for its giant Nolans rare earths project. Earlier this week the Export-Import Bank of Korea (KEXIM) gave its conditional approval, with the latest approval…
Arafura Rare Earths has received conditional approval for debt financing of up to US$150 million from The Export-Import Bank of Korea (KEXIM), bringing the financing of the giant Nolans Project closer to closure. The financing comprises a direct loan facility of up to US$75.1million and a loan guarantee up to US$74.9 million, with the company…
Arafura Rare Earths has secured conditional approval for up to US$300 million in debt finance from Export Development Canada (EDC) backing its Nolans rare earths project near Alice Springs in the Northern Territory. This builds on the Australian government’s conditional debt finance of US$533 million and should speed the closure of financing on a project…
The federal government has provided debt financing to the massive Nolans rare earths project, 135 kilometres from Alice Springs in the Northern Territory. Arafura Rare Earths announced that the federal government would provide conditions debt finance of US$533 million to catalyse the project’s remaining debt raising. As reported in @AuManufacturing, Arafura is advancing enabling works…
Gaia EnviroTech welcomes new investors in decarbonisation Gaia EnviroTech management and team has hosted key investors at its first board meeting following the recent equity investment in Gaia EnviroTech by RFC Ambrian Funds Management (RFM). Bioenergy decarbonisation developer Gaia EnviroTech was spun out of Ballarat, Victoria based Gekko Systems in 2023 in advance of capital…
Cobram Estate now the US’s biggest producer of olive oil Cobram Estate Olives has likely become the largest olive oil producer in the United States following strong growth seen in the just completed 2023 Californian harvest season. The company saw the production of 3.2 million litres of olive oil, 89 percent higher than 29022’s harvest…
Arafura Rare Earths pushed ahead with engineering work and construction of its giant Nolans rare earths project in the Northern Territory in the latest quarter despite a softening market for the critical metals. The neodymium and praseodymium (NdPr) price declined 17 percent during the quarter from US$76 per kg to $63 due to demand weakness…
