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Further to [USER=66457]@Dona Ferentes[/USER] post in January.Iluka looking to build a rare earths processing plant in W.A, mid way between Geraldton and Perth, at last a bit of onshore value adding. Maybe.[URL unfurl="true"]https://www.smh.com.au/business/companies/iluka-finds-favour-in-bid-to-build-rare-earths-refinery-20210511-p57que.html[/URL]From the article:A proposal to build the country’s first full-scale rare earths refinery has secured the support of senior Morrison government ministers, as Australia works to position itself as a key supplier of raw ingredients in smartphones, electric cars and wind turbines.The board of ASX-listed Iluka Resources, a $3.6 billion company, is assessing the feasibility of developing a refinery at Eneabba in Western Australia to process rare earths – a group of elements used in a range of high-tech products and military weapons systems.If the project proceeds, it would position Iluka as just the second non-Chinese supplier of refined rare earths materials, along with its larger rival Lynas Corp.Federal Resources Minister Keith Pitt and Trade Minister Dan Tehan, who met with Iluka’s board of directors in March, said the Eneabba project was aligned with the Morrison government’s objective to move Australia further along the rare earths value chain.“Establishing a domestic rare earths oxide production capability would move Australia further along the rare earths value chain, create regional jobs, capture more economic benefit from Australia’s resources and build security in the global supply of critical minerals,” the two ministers wrote in a letter dated May 10.[URL unfurl="true"]https://www.msn.com/en-au/money/markets/iluka-asxilu-share-price-falls-despite-government-letter/ar-BB1gAbhc[/URL]
Further to [USER=66457]@Dona Ferentes[/USER] post in January.
Iluka looking to build a rare earths processing plant in W.A, mid way between Geraldton and Perth, at last a bit of onshore value adding. Maybe.
[URL unfurl="true"]https://www.smh.com.au/business/companies/iluka-finds-favour-in-bid-to-build-rare-earths-refinery-20210511-p57que.html[/URL]
From the article:
A proposal to build the country’s first full-scale rare earths refinery has secured the support of senior Morrison government ministers, as Australia works to position itself as a key supplier of raw ingredients in smartphones, electric cars and wind turbines.
The board of ASX-listed Iluka Resources, a $3.6 billion company, is assessing the feasibility of developing a refinery at Eneabba in Western Australia to process rare earths – a group of elements used in a range of high-tech products and military weapons systems.
If the project proceeds, it would position Iluka as just the second non-Chinese supplier of refined rare earths materials, along with its larger rival Lynas Corp.
Federal Resources Minister Keith Pitt and Trade Minister Dan Tehan, who met with Iluka’s board of directors in March, said the Eneabba project was aligned with the Morrison government’s objective to move Australia further along the rare earths value chain.
“Establishing a domestic rare earths oxide production capability would move Australia further along the rare earths value chain, create regional jobs, capture more economic benefit from Australia’s resources and build security in the global supply of critical minerals,” the two ministers wrote in a letter dated May 10.
[URL unfurl="true"]https://www.msn.com/en-au/money/markets/iluka-asxilu-share-price-falls-despite-government-letter/ar-BB1gAbhc[/URL]
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