INTIEAAustralia · Critical Minerals Development ProgramPolicyIn force

Critical Minerals Development Program

The Critical Minerals Development Program (CMDP), previously known as the Critical Minerals Accelerator Initiative, provides funding to early and mid-stage projects that contribute to robust global supply chains, build sovereign capability in Australia and create high-paying…

Last changed 2 years ago.

Extracted view for reading · Original for compliance evidence

Lifecycle

  1. Effective
  2. Last change

Country / jurisdiction: Australia · Year: 2022 · Status: In force · Level: National · Type: Voluntary

The Critical Minerals Development Program (CMDP), previously known as the Critical Minerals Accelerator Initiative, provides funding to early and mid-stage projects that contribute to robust global supply chains, build sovereign capability in Australia and create high-paying regional jobs by bringing new critical minerals sources of supply online. The Critical Minerals Development Program is an Australian Government initiative running from 2022-23 to 2024-25, with a total funding pool of AUD 48.9 million. The programme aims to strengthen Australia's critical minerals sector, with grants ranging from AUD 1 million to 30 million, covering up to 50% of eligible project expenditure.

The CMDP targets critical minerals listed in Australia’s Critical Minerals Strategy. The CMDP will help projects overcome technical and market barriers by supporting a range of undertaken post-exploration and before final investment decision such as feasibility studies, engineering design work, pilot testing, and building demonstration plants to help proponents prove the quality of their product and secure contracts with customers.

The CMDP supports strategically significant projects at crucial points in development, setting Australia up as a critical minerals powerhouse. Grants will accelerate projects to market, attracting private sector finance and investment. Successful applicants can receive up to AUD 50 million but are required to contribute at least 50% of the cost themselves. In this program, an R&D hub was also created with AUD 50.5 million by funding three existing public institutions (CSIRO, ANSTO, and Geoscience Australia) to work together to support Australian intellectual property in critical minerals processing, progress international R&D collaboration, and connect projects to expertise.

Among the announced grant recipients (Tranche 2) , there was one notable recycling-focused project: Evolution Mining Limited received AUD 2,234,965 to support plans to retrieve cobalt from mine waste by treating tailings from Ernest Henry Operations.

Official source: https://business.gov.au/grants-and-programs/critical-minerals-development-program

Source

https://www.iea.org/policies/15863

Canonical document at the regulator. Always cite this URL — not the Vantage detail page — in compliance evidence.

Related in International

INTEnergy Newsoilprice:oilprice-article-45841NewsIn force

Aluminium Gives Up Its War Premium, Copper Stays Elevated

LME Week 2026 kicked off in London on Monday, with industry leaders focused on the macroeconomic outlook for base metals, AI and energy transition demand, as well as critical mineral supply chain resilience. This year's discussions have come at a time when the London Metal Exchange is robustly healthy, recording a 16% year-on-year increase in average daily turnover from January through September. Standard Chartered's commodity analysts expect mixed results for base metals in the coming months. Prices will follow macroeconomic conditions (risk…

17 hours ago
INTEnergy Newsoilprice:oilprice-article-45840NewsIn force

Big Oil Eyes Record Profits but Keeps Spending in Check

Oil supermajors have been raking it in since the war in the Middle East began. They are now set to report another robust quarter, even as some jurisdictions where they operate plan to slap windfall taxes on them. The question now is what Big Oil will do with these profits. The answer: it probably won’t be a spending spree. They sure have the money for a spree. If the second quarter is any indication—and it is—oil and gas majors are having a really strong year. Out of all S&P 500 sectors, Energy booked annual growth of 128.2%…

18 hours ago
INTEnergy Newsoilprice:oilprice-article-45839NewsIn force

U.S. Energy Red Tape Gives China an Edge

Congress needs to pass the bipartisan bill on permitting reform to accelerate energy infrastructure buildout so that the United States can compete economically and industrially with China, say former economic policy and national security officials who have served six U.S. presidents. The Bipartisan American Affordability and Jobs Act of 2026 was introduced in the Senate at the end of September and is expected to be debated after the mid-term elections when Congress returns from the recess on November 9. The bill would reinforce statutory deadlines…

19 hours ago
INTEnergy Newsoilprice:oilprice-article-45835NewsIn force

S&P Global Warns Hormuz Energy Shock Could Become a Global Food Crisis

The world’s ongoing energy crisis is quickly turning into a global food security crisis. Ongoing conflict between some of the world’s most prominent economies on two major fronts – Russia’s war in Ukraine and the United States’ and Israel’s war in Iran – is creating geopolitical shockwaves through critical global trade routes and threatening some of humanity’s most essential commodities, from oil and gas to grain and fertilizer. A "multidirectional squeeze on world agriculture" is taking form,…

20 hours ago
INTEnergy Newsoilprice:oilprice-article-45836NewsIn force

As BP Leaves the North Sea, These Independents Are Buying In

Back in July, UK oil and gas major BP Plc. (NYSE:BP) announced that it was putting its entire UK North Sea oil and gas business up for sale as part of a broader $20-billion portfolio overhaul, marking the end of a 60-year era as a leading player in Europe's largest oil basin. BP's North Sea operations produced about 117,000 barrels of oil equivalent per day in 2025 (roughly 5% of BP's total global output) and employed around 1,100 people. BP is hardly alone. Exxon Mobil (NYSE:XOM) and Chevron (NYSE:CVX) have sold their UK North Sea assets in recent…

21 hours ago