South Australian battery mineral project receives Major Project Status
The Coalition Government is supporting the development of a mining and manufacturing project that could bring hundreds of new jobs and significant economic benefits to regional South Australian communities.
Renascor Resources Ltd has been granted Major Project Status for its $209 million Siviour project, which includes a graphite mine and concentrator located in the Eyre Peninsula and a downstream purified spherical graphite (PSG) manufacturing facility located in Port Adelaide.
The Project is now on track to become the first in-country integrated graphite mine and battery anode material operation outside of China, positioning Australia as an important participant in the global battery industry and electric vehicle markets.
Minister for Resources and Water Keith Pitt said the Siviour project is expected to support over 100 new jobs during the construction phase and an additional 190 full-time roles over the 40-year life of the project.
“The Australian Government is pleased to support the Siviour project, which will bring new jobs and other economic benefits to South Australian communities while also boosting Australia’s position as a leading global critical minerals industry,” Minister Pitt said.
“The project has the potential to generate around $260 million a year in export revenue, and will also help increase Australia’s international competitiveness and help position us a future leader in this sector.
“The project is another step on the path to gaining a slice of the $400 billion world critical minerals market.
“Whether it is mobile phones and laptops, medical equipment or electric cars, rare earth minerals are the essential components of so much manufacturing today and into the future.
“This project directly contributes to Australia’s Critical Mineral Strategy by increasing the supply of graphite and expanding Australia’s capability to refine and process rare earth minerals.”
Major Project Status helps companies access extra support, coordination, and information services from the Major Projects Facilitation Agency which acts as a single entry point into the Australian Government regulatory approvals pathway.
More information on the Major Projects Facilitation Agency and the full list of current major projects is available on the Major Projects Facilitation Agency website.
Media contact: Minister Pitt's office 02 6277 7180