Cairns Seniors Community Housing Project 

On August 20, 2024, the NAIF Board made an Investment Decision to offer a Financing Mechanism in the form of a loan, to Community Housing Limited (CHL) in collaboration with Tetris Capital Pty Ltd (Tetris).

Learn more about the Cairns Seniors Community Housing Project

De Grey Mining Ltd Hemi Gold Project

On July 23, 2024, the NAIF Board made an Investment Decision to offer a Financing Mechanism in the form of a loan of up to $150m, to the Hemi Gold Project, located in the Pilbara, Western Australia.

Learn more about the De Grey Mining Heni Gold Project

North Queensland Airports Upgrade Project

On April 30, 2024, the NAIF Board made an Investment Decision to offer a Financing Mechanism, being a loan of up to $155m, to the North Queensland Airports Projects Upgrade, located in Cairns and Mackay, Queensland.

Learn more about the North Queensland Airports Project

Alpha HPA First Project

On January 23, 2024, the NAIF Board made an Investment Decision to offer a Financing Mechanism, being a loan of up to $200m, to Alpha HPA Limited, located in Gladstone, Queensland.

Learn more about the Alpha HPA First Project

Nolans Bore Rare Earths Project

On January 23, 2024, the NAIF Board made an Investment Decision to offer a Financing Mechanism, being a loan of up to $200m, to the Arafura Rare Earths Limited Nolans Bore Rare Earths Project in the Northern Territory.

Learn more about the Nolans Bore Rare Earths Project

Heritage Minerals, Queensland

On 1 December 2022, the NAIF Board made an Investment Decision to offer a Financing Mechanism, being a loan of up to $66 million, to Heritage Minerals for the Mount Morgan Gold Mine project located in Mount Morgan, Queensland.

Learn more about the Heritage Minerals project

Hastings Technology Metals Limited, Yangibana Rare Earths Project

On 1 December 2022, the NAIF Board made an Investment Decision to offer a Financing Mechanism, being a loan of up to $220 million, to Hastings Technology Metals Limited for the purpose of development of the Yangibana Rare Earths project located in the Gascoyne Region and Onslow, Western Australia.

Learn more about the Hastings Technology Metals project

Pilbara Minerals Ltd P680 Expansion Project, Western Australia

On 20 September 2022, the NAIF Board made an Investment Decision to offer a Financing Mechanism, being a loan of up to $125 million, to Pilbara Minerals Limited in Western Australia for the purpose of supporting the expansion of operations at its Pilgangoora Operations.

Details of the decision are:

Learn more about the Pilbara Minerals project

Perdaman Urea Project, Western Australia

On 31 August 2022, the NAIF Board made an Investment Decision to offer a Financing Mechanism, being a loan of up to $220m to Perdaman Chemical and Fertilizers Pty Ltd (PCF) for the purpose of development of the Perdaman Urea Plant, located in Burrup Peninsula, north of Karratha, Western Australia.

Details of the decision are:

Learn more about the Perdaman Urea Plant project

Thunderbird Minerals Sands Project (Kimberley Mineral Sands), Western Australia

On 31 March 2022, the NAIF Board made an Investment Decision to offer a Financing Mechanism, being a loan up to $160m for Kimberley Mineral Sands (KMS), for the development of the Thunderbird Mineral Sands Project which comprises a mine, process plant and non-process infrastructure.

Details of the decision are:

Learn more about the Kimberley Minerals Sands project

Hastings Technology Metals Limited, Yangibana Rare Earths Project

On 13 December 2021 the NAIF Board made an Investment Decision to offer a Financing Mechanism to Hastings Technology Metals Limited. The proposed financial assistance comprises a loan of up to A$140m to fund the development of the mine site and a hydrometallurgical plant in Western Australia.

Learn more about the Hastings Technology Metals project

Burrup Scheme Upgrade (WaterCorp), Western Australia

On 9 November 2021 the NAIF Board made an Investment Decision to offer a Financing Mechanism, being a loan of up to $95m, to WaterCorp for the development of critical infrastructure to support the Perdaman Urea Plant including the expansion of the Burrup seawater supply and brine disposal scheme.

Learn more about the Burrup Scheme Upgrade project

Expansion of Dampier Port (Pilbara Ports Authority), Western Australia

On 9 November 2021 the NAIF Board made an Investment Decision to offer a Financing Mechanism, being a loan of up to $160m, to Pilbara Ports Authority for the development of critical infrastructure to support the Perdaman Urea Plant including a new multi-user bulk export wharf, including berth and landside at the existing Port of Dampier.

Northern Territory Local Jobs Fund, Northern Territory

On 22 September 2021, the NAIF Board made an Investment Decision to offer a Financing Mechanism, being a loan of up to $50m to the Northern Territory Government via the Northern Territory Local Jobs Fund.

Learn more about the Territory Infrastructure Loans project

Alliance Aviation Services Ltd, Queensland

On 12 August 2021, the NAIF Board made an Investment Decision to offer a Financing Mechanism, being a loan of up to $30m in relation to the development of the Alliance Aircraft and Maintenance facility, located at Rockhampton Airport, Rockhampton, Queensland.

Learn more about the Alliance Aviation project

Kimberley Cotton Company Ltd, Western Australia

On 12 August 2021, the NAIF Board made an Investment Decision to offer a Financing Mechanism, being a loan of up to $32m in relation to the construction of a cotton gin facility, located in Kununurra, within the east Kimberley region of Western Australia.

Learn more about the Kimberley Cotton project

Pembroke Resources, Olive Downs South Project, Queensland

On 21 April 2021, the NAIF Board made an Investment Decision to offer a Financing Mechanism, being a loan of up to $175m in relation to the development of the Olive Downs South Project, a greenfield metallurgical coal mine and associated infrastructure, located in the Bowen Basin, Queensland.

Details of the decision are:

Learn more about the Pembroke Resources project

BCI Minerals Limited, Western Australia

On 10 December 2020 the NAIF Board made an Investment Decision to offer a Financing Mechanism, being a loan of up to $450m, in relation to the development of salt and sulphate of potash production facilities, and a port facility. The project is located between Dampier and Onslow in the Pilbara region, north-west of WA.

Details of the decision are:

Financial assistance to the project is subject to a number of conditions including the finalisation of the Western Australian Government’s consideration and agreement for the approved funds to be advanced.

On 28 September 2021 the NAIF Board made an Investment Decision to offer an additional Financing Mechanism of $40 million to support the project.

For the purpose of Section 17(2) of the Investment Mandate details of that additional decision are as set out above for the original BCI Minerals decision, except as follows:

Learn more about the BCI Minerals project

Humpty Doo Barramundi Pty Ltd, Northern Territory

On 10 September 2020 the NAIF Board made an Investment Decision to offer a Financing Mechanism, being a loan of up to $24.2m, in relation to the Humpty Doo Barramundi Pty Ltd stage two expansion of its barramundi farm in the Northern Territory. The second stage of the expansion being financed by NAIF includes new infrastructure including ponds and improvements to existing facilities such as the nursery, packing shed, roads, and electrical elements which includes the addition of rooftop solar.

Details of the decision are:

Learn more about the Humpty Doo Barramundi project

CQUniversity Australia, Queensland

On 30 July 2020 the NAIF Board made an Investment Decision to offer a Financing Mechanism to CQUniversity Australia in relation to package of capital expenditure programs at the university over two years.

Details of the decision are:

Learn more about the CQU Capital Expenditure project

Merricks Capital Pty Ltd Hudson Creek Power Station and Batchelor Solar Farm

On 30 July 2020 the NAIF Board made an Investment Decision to offer a Financing Mechanism to Merricks Capital Pty Ltd in relation to the construction and development of the Hudson Creek Power Station and Batchelor Solar Farm Projects.

NAIF’s Financing Mechanism will contribute to the construction of a 12MW capacity gas power plant in Darwin and a 10MW capacity solar farm, 100km south of Darwin. Power generated by the facilities will provide Rimfire, the largest private electricity retailer in the Territory, with up to 90 per cent of its future electricity generation needs.

Details of the decision are:

Learn more about the Merricks Capital project

Strandline Resources Limited Coburn Heavy Mineral Sands Project

On 19 June 2020 the NAIF Board made an Investment Decision to offer a Financing Mechanism in relation to the construction and development of the Coburn Heavy Mineral Sands Project (Project).

The Coburn Heavy Mineral Sands Project is located 240km north of Geraldton in the Gascoyne region of WA. The development of the Project will allow for mining operations, beneficiation, minerals separation processing and associated infrastructure to produce 23.4Mtpa of mineral sand products. The initial life of the mine is 22.5 years.

Details of the decision are:

Learn more about the Strandline Resources project

Charles Darwin University – CDU City and Casuarina Campus Project, Northern Territory

On 19 June 2020 the NAIF Board made an Investment Decision to offer a Financing Mechanism in relation to Charles Darwin University – CDU City and Casuarina Campus Project. NAIF’s Financing Mechanism will contribute to the Project which involves the construction (i) of a new Education and Community precinct in Darwin city (“CDU City Campus”) and (ii) to re-purpose the existing campus at Casuarina (together known as the “Project”).

Details of the decision are:

Learn more about the CDU City and Casuarina Campus project

Mater Health Services North Queensland Limited, Queensland

On 30 March 2020 the NAIF Board made an Investment Decision to offer a Financing Mechanism in relation to Mater Health Services North Queensland Limited, for the purposes of the construction of a six-level car park facility at the Mater Hospital, Pimlico Campus in Townsville. NAIF’s Financing Mechanism will contribute to a three stage redevelopment of Mater Private Hospital’s Pimlico campus in Townsville and will finance the accelerated development of the car park which is a critical part of the overall redevelopment and will assist in reducing congestion in surrounding neighbourhoods, enhance convenience for visitors and patients and improve employee safety.

Details of the decision are:

Learn more about the Mater Health Services project

James Cook University, Queensland

On 14 January 2020 the NAIF Board made an Investment Decision to offer a Financing Mechanism in relation to James Cook University (JCU) for the purposes of developing new student accommodation located on JCU’s Townsville Campus.

Details of the decision are:

Learn more about the JCU Halls of Residence project

Northern Territory Treasury Corporation (Northern Territory Government), Northern Territory

On 26 November 2019 the NAIF Board made an Investment Decision to offer a Financing Mechanism to the Northern Territory Treasury Corporation, guaranteed by the Northern Territory Government, in relation to the Darwin Ship Lift and Marine Industry Park Project for the purposes of constructing a ship lift facility and associated marine industry infrastructure (‘Project’) in the East Arm precinct of Darwin harbour. The Project will consolidate Darwin’s position as a hub for marine maintenance and servicing in northern Australia.

Details of the decision are:

Learn more about the Darwin Shiplift

Cowboys Rugby League Football Limited, Queensland

On 11 November 2019 the NAIF Board made an Investment Decision to offer a Financing Mechanism in relation to the development of the Cowboys Community High Performance and Training Centre. This multi-user social infrastructure project is now a core piece of community infrastructure for Townsville delivering significant economic and social benefits to the region.

Details of the decision are:

Learn more about the Cowboys Rugby League project

Learn more about the Metro Mining project

Signature Onfarm Pty Ltd, Queensland

On 30 August 2019 the NAIF Board made an Investment Decision to offer a Financing Mechanism in relation to the construction of an on‑farm, greenfield specialist service, beef processing facility with onsite accommodation for up to 70 employees and other ancillary amenities, located in Clermont, Queensland, being developed by Signature Onfarm Pty Ltd.

Details of the decision are:

Learn more about the Signature Onfarm project

Genex Power Limited, Queensland

On 8 July 2019 the NAIF Board made an Investment Decision to offer a Financing Mechanism in relation to the construction of a 250MW pumped storage hydro project. This is the first pumped hydro energy storage scheme globally to utilise an abandoned mine.  The project’s storage capability makes renewable energy dispatchable and reliable, which is a critical need in order to increase the market share of renewable generation. The additional source of peak generation capacity will lead to lower average wholesale power prices which would flow to end users through the competitive retail power market.

Details of the decision are:

Learn more about the Genex Power project

Alinta Energy Pty Ltd, Western Australia

On 15 February 2019 the NAIF Board made an Investment Decision to offer a Financing Mechanism, to Alinta Energy Pty Ltd, in relation to the Chichester Solar Gas Hybrid Project, East Pilbara, WA. The project will enable Alinta Energy Pty Ltd to supply electricity to the Fortescue Metals Group Limited (Fortescue) Chichester Hub iron ore mines, allowing operations at the mining hub to be among the first globally to demonstrate up to 100% of its daytime power requirement by renewable energy.

Details of the decision are:

Learn more about the Alinta Energy project

Kalium Lakes Limited, Western Australia

On 15 February 2019 the NAIF Board made an Investment Decision to offer a Financing Mechanism in relation to the Beyondie Sulphate of Potash Project, a major potash mining operation located southeast of Newman, Western Australia that is being developed by Kalium Lakes Limited.

Details of the decision are:

On 26 August 2021 the NAIF Board made an Investment Decision to offer an additional Financing Mechanism of $10 million to support the Beyondie Sulphate of Potash Project.

For the purpose of Section 17(2) of the Investment Mandate details of that additional decision are as set out above for the original Kalium Lakes decision, except as follows:

Queensland Airports Limited, Queensland

On 7 January 2019 the NAIF Board made an Investment Decision to offer a Financing Mechanism in relation to the redevelopment of the Townsville Airport Passenger Terminal, known as Project Alive.

Details of the decision are:

Learn more about the Queensland Airports project

Northern Territory Airports Pty Ltd, Northern Territory

On 7 January 2019 the NAIF Board made an Investment Decision to offer a Financing Mechanism in relation to Northern Territory Airports Pty Ltd for the purposes of a range of investments at Darwin, Alice Springs and Tennant Creek Airports (‘Project’), as part of a $300m infrastructure expansion package, located in the Northern Territory.

Details of the decision are:

Learn more about the Northern Territory Airports project

James Cook University, Queensland

On 15 June 2018 the NAIF Board made an Investment Decision to offer a Financing Mechanism in relation to James Cook University for the purposes of funding of the Technology Innovation Complex, as part of a larger Enterprise Bundle which has a total project value of $174 million.

Details of the decision are:

Learn more about JCU's Engineering and Innovation Place

Voyages Indigenous Tourism Australia Pty Ltd, Northern Territory

On 14 May 2018 the NAIF Board made an Investment Decision to offer a Financing Mechanism in relation to Voyages Indigenous Tourism Australia Limited, for the purposes of funding the upgrading of the Connellan Airport and required contractor accommodation, in Yulara, Northern Territory.

Details of the decision are:

Learn more about the Voyages Indigenous Tourism project

Humpty Doo Barramundi Pty Ltd, Northern Territory

On 3 May 2018 the NAIF Board made an Investment Decision to offer a Financing Mechanism in relation to the Humpty Doo Barramundi Pty Ltd stage one expansion of its barramundi farm in the Northern Territory. The first stage of the expansion being financed by NAIF includes a solar farm, medium fish nursery and processing equipment.

Details of the decision are:

Learn more about the Humpty Doo Barramundi project

Onslow Marine Support Base, Western Australia

On 29 September 2017 the NAIF Board made an Investment Decision to offer a Financing Mechanism in relation to the Onslow Marine Support Base in Western Australia. It will provide supply and support services for onshore and offshore businesses such as logistics, fuel suppliers, waste management, and construction and maintenance companies in the Carnarvon Basin.

Details of the decision are:

Learn more about the Onslow Marine Support Base project

Investment Decisions no longer progressing with NAIF loan

The following projects received an Investment Decision with an offer of financial assistance from NAIF, however, are no longer progressing. Projects not progressing with NAIF’s financial assistance occur for a variety of reasons including, but not limited to, the project proponent receiving commercial funding and no longer requiring NAIF’s financial assistance, the project no longer proceeding, or being superseded by a new Investment Decision, changes to the project resulting in NAIF’s financial assistance no longer being required or permitted under NAIF’s mandate, or due to the Minister issuing a rejection notice under the NAIF Act.

Mater Private Hospital Townsville Maternity and Renal Project

On 26 September 2023, the NAIF Board made an Investment Decision to offer a Financing Mechanism, being a loan of up to $25 million, to Mater Private Hospital Townsville (Mater Misericordiae Ltd) for the purpose of constructing a single level maternity suite and the refurbishment of an existing building to house renal services.

Metro Mining Limited, Queensland

On 11 November 2019 the NAIF Board made an Investment Decision to offer a Financing Mechanism in relation to the construction of an offshore floating terminal as part of the expansion of Metro Mining’s operational Bauxite Hills Mine north of Weipa in Far North Queensland.

Details of the decision are:

Pippingarra Road Upgrade, Western Australia

On 2 August 2018 the NAIF Board made an Investment Decision to offer a Financing Mechanism in relation to Pilbara Minerals Limited for the purposes of upgrading the Pippingarra Road, a public road located south of Port Hedland, Western Australia, which would be heavily used by Pilbara Minerals Limited, resource businesses and nearby pastoral stations whilst remaining available for public use.

Details of the decision are:

Thunderbird Minerals Sands Project (Kimberley Mineral Sands), Western Australia

On 28 August 2018 the NAIF Board made an Investment Decision to offer a Financing Mechanism in relation to the Thunderbird Mineral Sands Project, a mineral sands operation in the west Kimberley region of Western Australia, which is being developed by Sheffield Resources Limited.

Details of the decision are:

Australian Aboriginal Mining Corporation, Western Australia

On 22 August 2019 the NAIF Board made an Investment Decision to offer a Financing Mechanism in relation to the First Iron Project, Australia’s first substantially Indigenous-owned and operated iron ore mine located north west of Newman, Western Australia that is being developed by Australian Aboriginal Mining Corporation.

Details of the decision are:

Kalium Lakes Limited, Western Australia

On 7 May 2020 the NAIF Board made an Investment Decision to offer an additional Financing Mechanism of up to $10.5 million to support the Beyondie Sulphate of Potash Project to meet additional forecast construction costs and contingencies for the Project.

For the purpose of Section 17(2) of the Investment Mandate details of that additional decision are as set out above for the original Kalium Lakes decision, except as follows:

Amount of Financing Mechanism: up to $10.5m

LNG Bunkering Project, Western Australia

On 30 July 2020, the NAIF Board made an Investment Decision to offer a loan of up to $129m to support the development of a LNG Bunkering project in Western Australia.

BSE Maritime Solutions, Queensland

On 15 October 2020, the NAIF Board made an Investment Decision to offer a loan of up to $32m to support the development of a Shiplift Facility in Cairns, Queensland.

Neoen SAS, Queensland

On 9 December 2020, the NAIF Board made an Investment Decision to offer a loan of up to $280m to Neoen SAS for the Kaban Green Power Hub in Queensland.

Agripower Australia Limited, Queensland

On 9 December 2020, the NAIF Board also made an Investment Decision to offer a Financing Mechanism, being a loan of up to $71m to Agripower Australia Limited in relation to silicon fertiliser mining facilities in Conjuboy and a processing facility in Charters Towers in accordance with an approved capital works program. The project is located at Charters Towers & Conjuboy, Queensland.

Details of the decision are:

Arnhem Land Progress Aboriginal Corporation, Northern Territory

On 17 June 2021, the NAIF Board made an Investment Decision to offer a Financing Mechanism, being a loan of up to $13.5m in relation to the development of a cold storage warehouse and logistics facility, located in Alice Springs, Northern Territory.

Australian Potash Limited, Western Australia

On 24 February 2021 the NAIF Board made an Investment Decision to offer a Financing Mechanism, being a loan of up to $140m, in relation to the development of the Lake Wells Sulphate of Potash project. The project is located 160km north-east of Laverton, in the Eastern Goldfields region of WA.

Details of the decision are:

Mackay Land Pty Ltd, Queensland

On 14 December 2021, the NAIF Board made an Investment Decision to offer a loan of up to $44m to Mackay Land Pty Ltd for the purpose of expanding existing farming operations at its Gold Tyne property in Lakeland, Queensland, subject to the fulfilment of certain conditions.