Iluka will receive additional support of up to the equivalent of 305 million US dollars. Construction costs for the processing plant had risen in the meantime.
Exports of so-called dual-use goods or items with civil and military applications are prohibited, effective immediately.
Central Asia's mineral resources are becoming increasingly relevant to South Korea's high-tech industry.
Supply chains for critical raw materials are to be strengthened, with a particular focus on the secondary utilization of former Nigerian mines.
The Comprehensive Economic Partnership Agreement eliminates trade barriers and could give Canada access to critical minerals in Southeast Asia.
The country’s Social Left Party blocked plans for seabed exploration in return for supporting the minority government’s budget.