Australia says ready for investment after launching new critical minerals portal

Australia’s position as a global critical minerals supplier will be further enhanced through a new dataset developed in partnership with the United States and Canada, as it would open new global supply chain opportunities for the country, a minister said.

The Critical Minerals Mapping Initiative online portal, released on Tuesday, contains the world’s largest dataset of critical minerals in and around ore deposits – more than 7000 mineral samples from over 60 countries.

It shows the occurrence of critical minerals such as cobalt, lithium and rare Earth elements predominantly across Australia, the United States and Canada, and can help identify new critical mineral provinces.

“While Australia is known across the world for its rich gold and iron ore deposits, our country also has an abundance of critical minerals – which are key to everything from iPhones to fighter jets,” Minister for Resources, Water and Northern Australia Keith Pitt said.

The will help secure Australia’s future as a global supplier of critical minerals and contribute to the resource security of two of our most important international partners, he added.

The portal is a major deliverable of the Critical Minerals Mapping Initiative, a collaboration between Geoscience Australia, the Geological Survey of Canada and the United States Geological Survey, which was established in December 2019 to increase reliable supplies of critical minerals.

The portal supports the work of the Critical Minerals Facilitation Office, which is implementing the Australian Government’s Critical Minerals Strategy. The strategy aims to position Australia as a world leader in the exploration, extraction, production and processing of critical minerals.

It can be used by governments to identify options to diversify their sources of critical minerals, and by industry to inform and target their exploration strategies.

“Together with our other initiatives, including the Exploring for the Future program and the Modern Manufacturing Initiative, this government is sending a strong message to the world that Australia is reliable, responsible and ready for investment in critical minerals,” Pitt said.

The Critical Minerals Mapping Initiative online portal is available at: https://portal.ga.gov.au/persona/cmmi

Leave a Reply

Your email address will not be published. Required fields are marked *