Critical Minerals Factbook
Federal instrument · Loan

Export Finance Australia A$1.25 billion Critical Minerals Facility loan to Iluka Resources (Eneabba refinery)

A$1.25 billion loan to Iluka Resources through the Australian Government's Critical Minerals Facility, administered by Export Finance Australia, announced 4 April 2022 to finance the Eneabba rare earths refinery in Western Australia. On 6 December 2024 the Australian Government announced up to A$475 million in additional financing for the refinery through Export Finance Australia via the Critical Minerals Facility, recorded here as an amendment; the additional amount is held in claims rather than restated in the principal.

Facts on this page last re-verified Aug 11, 2026 — the oldest verification date among its current claims. How we verify.

Financial state: Amended

Program: Critical Minerals Facility (Export Finance Australia) · Export Finance Australia

Terms

PrincipalA$1.25B (A$1.25 billion loan announced 4 April 2022 through the Critical Minerals Facility; the December 2024 up-to-A$475 million additional financing is recorded as an amended event and claim, not added to this principal)

Immutable financial events

  1. Apr 4, 2022 · Announced
  2. Dec 6, 2024 · Amended

Operational milestones are displayed on the linked facility line, not duplicated in this ledger.

Sources