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New NAIF board to steer next phase of northern investment
Minister for Resources, Water and Northern Australia Keith Pitt has announced a new Chair and board members for the Northern Australia Infrastructure Facility (NAIF).
Minister Pitt said the new Chair and board members had the credentials to lead the $5 billion NAIF through its next phase after Parliament approved reforms which widen the facility’s investment options to support projects across northern Australia.
Minister Pitt said businesswoman and corporate leader Tracey Hayes from the Northern Territory has been appointed Chair of the NAIF Board for a three-year term.
Ms Hayes has extensive corporate and governance experience. A former Chair of the Darwin Waterfront Corporation and CEO of the Northern Territory Cattlemen’s Association, Ms Hayes also serves on the Australia Indonesia Institute Board and the National Drought and Flood Response and Recovery Agency Advisory Board.
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New critical minerals portal shows Australia ready for investment
Australia’s position as a global critical mineral supplier will be further enhanced through a new dataset developed in partnership with the United States and Canada.
The Critical Minerals Mapping Initiative online portal, released today, contains the world’s largest dataset of critical minerals in and around ore deposits – more than 7000 mineral samples from over 60 countries.
It shows the occurrence of critical minerals such as cobalt, lithium and rare Earth elements predominantly across Australia, the United States and Canada, and can help identify new critical mineral provinces.
Minister for Resources, Water and Northern Australia Keith Pitt said this dataset could open new global supply chain opportunities for Australia.
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Iron ore demand driving Australian resources exports to new highs
Australia’s resource and energy exports are forecast to hit a record $310 billion in 2020-21 and be even stronger in the 2021-22 financial year at $334 billion on the back of strong demand for iron ore, base metals and new technology-related commodities.
Minister for Resources, Water and Northern Australia Keith Pitt said as the world recovers from the global COVID-19 pandemic, record iron ore prices have driven a surge in export earnings, while metallurgical coal exports are also benefiting from a surge in world steel production.
“The June edition of Resources and Energy Quarterly from the Department of Industry, Science, Energy and Resources, forecasts total resources and energy exports of $310 billion for 2020-21, up seven per cent on the previous record from 2019-20 and up from the $296 billion forecast in March,” he said.
Australia to explore offshore GHG storage areas naturalgasworld.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from naturalgasworld.com Daily Mail and Mail on Sunday newspapers.
The Coalition Government today called for nominations of areas for the 2021 Greenhouse Gas Storage Acreage Release, covering Commonwealth waters across.