NSW government defers $250m royalties to bolster critical minerals sector for global leadership.
The New South Wales government in Australia is deferring $250 million in royalties to bolster its critical minerals sector, aiming to become a global leader. This initiative, part of a broader strategy, targets five areas: exploration, production incentives, skills development, resilient supply chains, and community engagement. The plan addresses financial pressures on mining projects, attracting investment and supporting the clean energy transition, while potentially creating thousands of jobs.
October 21, 2024
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