Taxpayers Gift $50m Loan for E25’s Butcherbird Expansion

Taxpayers gift $50m loan for E25’s Butcherbird expansion

NAIF has dusted itself off and found a new WA mining venture to invest in less than four months on from a collapse that could cost taxpayers more than $140 million.

NAIF backs $50 million manganese project in Northern Australia - Manufacturers' Monthly

Image: BlackMediaHouse/stock.adobe.comThe Northern Australia Infrastructure Facility (NAIF) has approved up to $50 million in funding to support the expansion of the Butcherbird manganese project, unlocking jobs and bolstering Western Australia’s economy. Led by Perth-based Element 25, the project will triple production of manganese concentrate to 1.1 million tonnes per year. Manganese, a metal on the Australian Government’s Critical Minerals Li…

Boosting critical mineral supply lines

Allen Newton THE FEDERAL government aims to boost supply lines for critical minerals in Northern Australia.  The Northern Australia Infrastructure Facility (NAIF) will invest up to $50 million to support Western Australia’s Butcherbird manganese project.  The region is rich with manganese deposits, an element on the Australian government’s critical minerals list.   The NAIF loan will enable Perth-based company Element 25 to increase its producti…

Australian gov’t invests $50M to boost manganese supply in Pilbara - Australian Manufacturing

The Australian Government is backing the expansion of a key critical minerals project in Western Australia, with the Northern Australia Infrastructure Facility (NAIF) committing up to $50 million to support the growth of the Butcherbird manganese operation.

Element 25 notches $50m NAIF loan

Gold and manganese play Element 25 has notched $50 million loan from a federal government financing agency to help underpin the expansion of its Butcherbird project in the Pilbara.

Element 25 secures $50m for Butcherbird expansion - Australian Mining

Image: Björn Wylezich/stock.adobe/comElement 25 is set to be granted approximately $50 million in funding from the Federal Government’s Northern Australia Infrastructure Facility (NAIF) to support the expansion of its Butcherbird expansion manganese project. This includes $42.5 million in senior debt and a $7.5 million cost overrun facility to support the mine’s production capacity to 1.1 million tonnes per annum (Mtpa) of manganese oxide concen…