CLICK to subscribe to our News Alert emails. They are free and will take you to the current Alice Springs News front page.
Left Ad
Logo

“The freedom of the press still furnishes that check upon government which no constitution has ever been able to provide.” – Chicago Tribune

Right Ad

German millions for mine near Alice

Cover Image

Germany is investing €50m ($58m) in a rare earth mine north of Alice Springs, near Aileron, in a bid to secure access to the crucial materials for German businesses, according to Economy Minister Katherina Reiche (pictured).

Germany is investing the money via its raw materials fund in the Nolans mine operated by Australian mining company Arafura Rare Earths, according to the ministry.

The mine is intended to supply neodymium and praseodymium, which are needed to manufacture high-performance magnets in electric motors and wind turbines.

Google our site for background.

Photo & report: Elisa Schu/dpa – Deutsche Presse Agentur.