National reconstruction fund to buy stake in Arafura Rare Earth’s planned facility 135km north of Alice Springs
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The federal government will pour another $200m into the Gina Rinehart-backed Arafura Rare Earths, taking the total volume of taxpayer support for the critical minerals venture beyond $1bn.
The industry and science minister, Ed Husic, will on Wednesday announce that the commonwealth’s national reconstruction fund will take an equity stake in Arafura’s planned mining and processing facility 135km north of Alice Springs.
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