SYDNEY -- Australia's government will inject a further 200 million Australian dollars ($123.7 million) into miner Arafura, bringing its support for the company's rare earths mine and refinery project to more than AU$1 billion.
Commodities
Australia pledges more state support for Arafura rare earths project
Total backing exceeds $600m as government looks to break China's grip on supply
Arafura Rare Earths Managing Director and Chief Executive Officer Darryl Cuzzubbo speaks during a press conference at Parliament House in Canberra, on Jan. 15. © AAP
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