Joint declaration of intent between Australia and Germany on a critical minerals value chain feasibility study

Country / jurisdiction: Australia · Year: 2023 · Status: In force · Level: National · Type: Voluntary

Australia and Germany signed a joint Declaration of Intent to work together to develop critical minerals value chains. The joint study will create new opportunities for critical minerals projects that support Australia and Germany to reach net zero commitments. The study will assess:

Key raw and processed critical minerals products most crucial to the industrial needs of Germany;

The most significant or commercially prospective geological resources and projects within Australia which can contribute to these value chains;

The companies working to develop these resources, and relevant aspects of their projects;

The most significant and commercially promising mining, refining and recycling projects and operations in Australia for the expansion of and new Australia-Germany value chains;

Sustainable approaches to these projects, building on the use of green energy and the application of high environment, social and governance (ESG) standards;

German and Australian firms participating, or seeking to participate in these value chains, both in terms of current and proposed capabilities;

Priority areas where German and Australian projects could connect to relevant supply chains;

Barriers or obstacles to establishing and growing value chains, and potential actions by or role of the governments and industry to help overcome these.

Activities conducted under this Joint Declaration will adhere to each party's domestic laws and regulations. The parties intend to jointly fund projects that arise from this partnership.

Official source: https://www.industry.gov.au/publications/joint-declaration-intent-between-australia-and-germany-critical-minerals-value-chain-feasibility-study