Coking coal and iron ore could be added to Australia’s critical minerals list under a definitional change hinted at by Resources Minister Madeleine King that bucks the global trend.
” influenced by the needs of Australia’s defence and trade partners, in a move that could drive domestically abundant commodities such as coking coal, bauxite and iron ore onto the list.
Most nations’ critical minerals lists reflect the raw materials that cannot be secured domestically for their most important industries, but Ms King toldthat domestic scarcity would not be a prerequisite for inclusion when she updates Australia’s list later this year. Inclusion on the list could mean favourable regulation, smoother project approvals, and access to funding.
”Our resources build cities, they build airplanes, ships and motor vehicles, and they will contribute to realising our own green energy aspirations and those of our trading partners,” she said.this year to compel thermal coal miners to sell a portion of their output to domestic customers at capped prices in a bid to protect power supply and limit power price rises.“I’m not sure about that ... we genuinely have quite a lot of thermal coal. But we also know ...
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