https://www.miningweekly.com
Defence|Manufacturing|Resources|Water|Manufacturing
Defence|Manufacturing|Resources|Water|Manufacturing
defence|manufacturing|resources|water|manufacturing-industry-term

Aus and India ink critical minerals MoU

8th June 2020

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Australia has inked a memorandum of understanding (MoU) with India on critical minerals.

Federal Resources, Water and Northern Australia Minister Keith Pitt at the end of last week said that the MoU was a significant step for Australia towards establishing itself as a reliable supplier of the critical minerals needed to grow India’s manufacturing sector and its defence and space capabilities.

The MoU was a key outcome of the virtual meeting between Prime Minister Scott Morrison and Indian Prime Minister Narendra Modi to elevate the relationship between the two nations to a Comprehensive Strategic Partnership.

“My department has worked closely with the Ministry of Mines to develop the MoU, which focuses on avenues to increase trade, investment and research and development in critical minerals between our two countries,” Pitt said.

“The MoU identifies specific areas where Australia and India will work together to meet the raw material demands of the future economy, particularly the increased global demand for critical minerals.

“India presents growing opportunities for Australia’s critical minerals, especially as the nation looks to build its manufacturing sector, defence and space capabilities.”

Australia has the potential to be one of the top suppliers of cobalt and zircon to India, being in the top three for global production of these minerals. Australia also has reserves to supply many other critical minerals to India, including antimony, lithium, rare earth elements and tantalum.

“Indian government policies such as the Make in India programme, and its goal of moving to full electric mobility by 2030, are expected to increase Indian demand for critical minerals,” Pitt added.

Edited by Creamer Media Reporter

Comments

Showroom

Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 
WearCheck
WearCheck

Leading condition monitoring specialists, WearCheck, help boost machinery lifespan and reduce catastrophic component failure through the scientific...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (12/04/2024)
12th April 2024 By: Martin Creamer

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.198 0.239s - 109pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: