Global Trade Alert
Global Trade Alert

Australia: NAIF allocates additional AUD 220 million to Hastings' Yangibana Rare Earth Minerals Project

Announcement

17 Jan 2023

In January 2023, the Northern Australian government-funded Northern Australia Infrastructure Facility (NAIF) allocated AUD 220 million to Hastings Technology Metals Ltd.

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Number of interventions

2

1 certainly harmful

1 likely harmful

0 liberalising

List of interventions

2 in force

Implementation date

17 Jan 2023

Revocation date:

No revocation date

State loan In force

On 17 January 2023, the Australian government-funded Northern Australia Infrastructure Facility (NAIF) approved a loan of AUD 220 million (approx. USD 153.7 million) to Hastings Technology Metals Limi...

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Implementation date

17 Jan 2023

Revocation date:

No revocation date

Local value added incentive In force

On 17 January 2023, the Northern Australian Infrastructure Facility (NAIF) approved financing for a rare earths mineral project that is subject to local content requirements as stated by the Australia...

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