The urgency for critical minerals processing projects to reach a final investment decision by July 2030 has been diminished after the mining sector successfully lobbied for the removal of the date as a firm cut off for accessing proposed production incentives. The removal of the extension means project developers will have longer to obtain regulatory approval and to complete infrastructure planning and detailed project design, making it easier to qualify for the credits. In submissions to a Senate inquiry published this week, The Minerals Council of Australia (MCA) and the Chamber of Minerals and Energy of Western Australia (CMEWA) welcomed the removal of the cut-off which had been widely panned during a 2024 consultation.
Brandon How is a Reporter at InnovationAus.com, based in Canberra, ACT, AU. He focuses on themes related to energy and mining, higher education, and finance, with a keen interest in topics such as ESG, AI, startups, and renewables. Brandon's work has been featured in InnovationAus.com, showcasing his expertise in these critical areas.