Mining & Resources

Australian Strategic Materials (ASM) has inked a binding agreement with Vietnam Rare Earth Company (VTRE) for the purchase of rare earth oxides from Vietnam for use as feedstock at ASM's Korean Metals Plant (KMP).

Australian cobalt company Jervois Global Limited has submitted an application to the United States Department of Energy (DOE) Loan Program Office to finance its proposed greenfield US cobalt refinery. 

The Northern Territory’s Deputy Chief Minister Nicole Manison is set to visit Japan and South Korea to strengthen international ties and promote foreign investments in the state’s critical minerals and energy sectors. 

More jobs in the critical minerals sector are expected to open in the Northern Territory with industry-leading company Tivan set to move to its new headquarters in Darwin. 

Works have been completed at the Ravenswood Gold Mine, Queensland’s new largest gold mine, creating nearly 400 good jobs and supporting 1000 contractors in the process, as announced in a media statement.

The Territory Labor Government has released the Mineral Development Taskforce Final Report, listing sustainable manufacturing as one of its top goals, along with the acceleration of mining development to unlock a pipeline of projects, which is a key part of achieving a $40 billion economy by 2030.

The Northern Territory Government has issued mineral leases to Perth-based Avenira Ltd, which will pave the way for a lithium ferro phosphate (LFP) battery cathode manufacturing facility in the future. 

Darwin is set to host a trilateral meeting between industry leaders from Australia, Japan, and the United States to discuss progress in critical mineral and rare-earth element production across northern Australia. 

Australia and Germany have partnered to pave the way for new opportunities for critical minerals projects as part of a broader effort to achieve climate and energy goals. 

Australia’s lithium and base metal industries are expected to be worth approximately $47 billion in the current financial year amid strong demand in the country’s clean energy technology sector.