A$15bn NRF Bill advances
PERTH (miningweekly.com) – The federal government’s National Reconstruction Fund (NRF) Corporation Bill has passed the House of Representatives.
The Bill will establish the NRF, which will invest A$15-billion across priority areas of the economy including renewables and low emissions technologies, medical science, transport, value-adding in resources, value-adding in agriculture, forestry and fisheries, defence capability and enabling technologies.
Minister for Industry and Science Ed Husic said the NRF would rebuild Australia’s industrial capability and support long-term sustainable economic growth.
“We are now one step closer to delivering one of the largest peacetime investments in manufacturing this country has ever seen.
“The NRF is a nation-building, transformational investment to help deliver a better future,” Husic said.
The NRF will be administered at arm’s length to government by an independent board making independent investment decisions.
Prime Minister Anthony Albanese previously said that the NRF was aimed at supporting new and emerging industries and the transition of existing industries, and would invest in areas such as green steel and aluminium, clean energy component manufacturing, hydrogen electrolysers, and fuel switching.
He noted that the NRF would dedicate A$1-billion to mining science technology and minerals processing to move Australia further up mineral value chains.
“We are the world’s largest exporter of the raw materials necessary for clean energy technologies, but for decades we’ve shipped these materials overseas and bought back manufactured goods at a premium,” he said at the time.
“Our government will invest to unlock more value from our minerals. Because we understand how important your industry is to Australia’s future energy security and our broader economic self-reliance.”
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Our Easy Access Chute concept was developed to reduce the risks related to liner maintenance. Currently, replacing wear liners require that...
VISIT SHOWROOM
ENVASS is a customer and solutions-driven environmental consultancy with established divisions, serviced by highly qualified and experienced...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
