Critical Minerals Facility

Last updated: 26 October 2023

In 2021, the Australian government established the Critical Minerals Facility. The Facility is managed by Export Finance Australia and provides financing to projects that are aligned with the Australian Government's Critical Minerals Strategy. The Facility has been funded with $2 billion AUD to help projects suffering from gaps in private finance to overcome these gaps and get off the ground. The funding can come in the form of loans, loan guarantees, bonds and working capital support and is intended as a complement to commercial financing.
In October 2023, Australia announced a AUD$2 billion (USD1.3 billion) expansion in critical minerals financing as part of its effort to move toward clean energy and boost exports, doubling the capacity of Australia’s Critical Minerals Facility to finance mining and processing projects for materials vital to high-end manufacturing and industry.

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