NSW to Defer $250 Million Critical Minerals Royalties in Bid to Boost New Projects

In an effort to position New South Wales as a significant player in high-tech minerals sector, the state government plans to encourage exploration.

NSW Premier Chris Minns speaks to the media during a press conference at NSW State Parliament, Sydney, Australia, on June 4, 2021. AAP Image/Dean Lewins

The New South Wales (NSW) government has announced plans to defer $250 million in royalties for critical minerals as part of a wider plan to position the state as a significant player in the sector.

The deferral is part of the NSW Critical Minerals and High-Tech Metals Strategy, which aims to provide the framework for the mining industry.