.ARULtd and GErenewables are weighing a long-term NdPr sales agreement and a potential equity transaction mining investment Australia criticalminerals invest resources
PERTH – The renewables arm of US energy major General Electric , GE Renewable Energy, has inked a non-binding memorandum of understanding with ASX-listed Arafura Resources over a potential neodymium praseodymium offtake agreement.
“The signing of this MoU to collaborate with a Tier 1 OEM is a terrific outcome. Long-term, Nolans NdPr may be used in magnets critical for power generation from GE’s Haliade-X 12 MW, one of the most powerful offshore wind turbines on the market.
The A$90.8-million Nolans project will leverage Australia’s mineral processing expertise to develop rare earth separation technology not currently available here now, creating 650 jobs at the peak of construction and new high-value export opportunities. The MoU, which was unveiled during the Sydney Energy Forum, was welcomed by the governments of both the US and Australia.said the agreement showed the real potential for Australia to foster strong commercial critical minerals partnerships with its major trading partners.
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