Australia grants further $258 million in funding for Iluka's rare earths refinery

Reuters

2024/12/06

Dec 6 (Reuters) - The Australian government will grant A$400 million ($257.96 million) in funding for Iluka Resources' Eneabba rare earths refinery in the state of Western Australia, in addition to its previous A$1.25 billion loan, the miner said on Friday.

($1 = 1.5506 Australian dollars)

(Reporting by Aaditya Govind Rao in Bengaluru; Editing by Alan Barona)

((Aaditya.GovindRao@thomsonreuters.com))

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