PERTH (miningweekly.com) – Australian Resources Minister Madeleine King has signed a statement of intent with UK Minister for the Indo Pacific Anne-Marie Trevelyan to strengthen cooperation on critical minerals.
“The statement of intent with the UK further strengthens Australia’s resolve to develop our critical minerals sector to be a global supplier of the resources needed for clean-energy technology, such as batteries, electric vehicles, solar panels and wind turbines,” King said.
“We will work closely with the UK to build resilient, sustainable, and transparent supply chains for critical minerals, which help both the UK and Australia to lower emissions and achieve net zero commitments.
“The UK has a long history of investment in Australia’s resource development, and I look forward to welcoming UK investment targeted at critical mineral projects at all levels in Australia.”
Under the statement of intent, Australia and the UK will work to increase investment links for critical minerals projects, support sovereign downstream processing and manufacturing capabilities, seek new critical minerals value chains, including through recycling, and create skilled jobs.
The two countries will also work to enhance collaboration on research and development, promote high environmental, social and governance standards, and encourage the exchange of skills and expertise between Australian and UK firms, and with other international partners.