Australia grants loans to Alpha HPA, Renascor for critical minerals projects

Reuters04-17

April 17 (Reuters) - Alumina producer Alpha HPA and graphite producer Renascor Resources will receive aggregate A$585 million ($375.63 million) in loans from the Australian government under its critical minerals strategy.

Under the government's A$4 billion Critical Minerals Facility, Alpha HPA will receive A$400 million to develop a construction facility, while Renascor will get A$185 million for its anode material manufacturing operations, the companies said in separate filings on Wednesday.

($1 = 1.5569 Australian dollars)

(Reporting by Roshan Thomas in Bengaluru; Editing by Rashmi Aich)

((Roshan.Thomas@thomsonreuters.com;))

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