Senate debates

Monday, 18 March 2024

Questions without Notice

Economy: Northern Territory

4:00 pm

Photo of Don FarrellDon Farrell (SA, Australian Labor Party, Minister for Trade and Tourism) Share this | Hansard source

(—) (): I thank Senator Ghosh for his first supplementary question. The Albanese government is committed to supporting our critical minerals sector, which will help Australia become a renewable energy superpower. That's why we announced $840 million in loans and other financial support for Arafura Resources to build the first integrated rare earth mine and processing facility near Alice Springs. This project involves mining, processing and exporting rare earths to our longstanding trading partners like the Republic of Korea, Germany and the United States for renewable technologies like electric vehicles and wind turbines. Investments in projects like this mean more jobs, including value-adding jobs for Australian workers in Alice Springs on these projects. (Time expired)

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