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ARTICLE · 03 JULY 2024

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June 2024 ESG Policy Update—Australia

K&L Gates
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On 28 May 2024, Australia and the European Union (EU) signed a Memorandum of Understanding (MOU) for a bilateral partnership to cooperate on sustainable critical and strategic minerals.

AustraliaEnvironment
Jim Bulling
Jim Bulling
Clive Cachia
Clive Cachia
Michael Hain
Michael Hain
Lisa Lautier
Lisa Lautier
Adam Levine
Adam Levine
Tom Young
Tom Young
Nathan Bodlovich
Nathan Bodlovich

AUSTRALIAN UPDATE

Australia and EU Enter Into Critical and Strategic Minerals Partnership

On 28 May 2024, Australia and the European Union (EU) signed a Memorandum of Understanding (MOU) for a bilateral partnership to cooperate on sustainable critical and strategic minerals.
Under the MOU, the EU will diversify its supplies of materials necessary for the clean energy and digital transitions, whilst contributing to the development of Australia's domestic critical minerals sector.

The MOU addresses the entire life cycle for critical and strategic minerals projects including exploration, extraction, processing, refining, recycling and processing of mining waste. The partnership will also explore cooperation in countries where Australia and the EU have mutual interests.

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