NSW to Defer $250 Million Critical Minerals Royalties in Bid to Boost New Projects

The New South Wales (NSW) government has announced plans to defer $250 million in royalties for critical minerals as part of a wider plan to position the state as a significant player in the sector. The deferral is part of the NSW Critical Minerals and High-Tech Metals Strategy, which aims to provide the framework for the mining industry. The state has deposits of 21 of the 31 minerals considered critical in Australia. Scandium, copper, silver, and cobalt are named the state’s five priority metals since all have important uses in electrifying the economy and manufacturing clean energy products like solar panels and batteries....