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Timor-Leste hands most new mining licences to Australian groups

The developing nation is thought to hold deposits of copper, gold, zinc and manganese, as well as rare earths and other critical minerals.

Mark Wembridge

Australian explorers are being favoured over Chinese rivals to develop Timor-Leste’s fledgling mining sector despite the impoverished nation’s chequered history with Canberra over the region’s natural resources.

The South-East Asian country has awarded most of its mining licences to Australian junior explorers, as part of efforts to diversify its economy away from a heavy reliance on its dwindling oil and gas revenues.

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Mark Wembridge covers resource companies for The Australian Financial Review, based in Perth. He formerly worked for the Financial Times in London and Hong Kong. Connect with Mark on Twitter. Email Mark at mark.wembridge@nine.com.au

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    Original URL: https://www.afr.com/companies/mining/east-timor-hands-most-new-mining-licences-to-australian-groups-20250221-p5le6j