Package of loans and grants to help ‘can get this industry off the ground’, resources minister says
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A Gina Rinehart-backed mining company has soared in value by 75%, after the government agreed to provide financial support as it aims to increase Australia’s production of rare earth elements.
The $840m package of loans and grants, announced on Thursday, will support mining company Arafura’s development of a mine and refinery for rare earths, which are key to producing electric vehicles and wind turbines.
Continue reading…Package of loans and grants to help ‘can get this industry off the ground’, resources minister saysGet our morning and afternoon news emails, free app or daily news podcastA Gina Rinehart-backed mining company has soared in value by 75%, after the government agreed to provide financial support as it aims to increase Australia’s production of rare earth elements.The $840m package of loans and grants, announced on Thursday, will support mining company Arafura’s development of a mine and refinery for rare earths, which are key to producing electric vehicles and wind turbines.Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup Continue reading…