Australian Strategic Materials (ASM)’s Post

Joint statement on the establishment of the Minerals Security Partnership Finance Network. This network will strengthen cooperation and promote information exchange and co-financing among participating institutions to advance diverse, secure, and sustainable supply chains for critical minerals. #minerals #financing #criticalrawmaterials #MSP #energy #rawmaterials

Western countries mobilize to secure mineral independence. Metals and minerals are needed for humanity to stop using oil. All major powers have understood this, as has most of big industry and capital markets. But developing robust supply lines for metals are not easy. In Western countries developing minerals can take 20 years through democratic processes, while autocratic countries such as China and their BRICS alliance can do it in months. Hence, today, the China/BRICS alliance control the better part of all mineral supply lines. The Western countries have now allied to create Public Private Partnerships to develop critical minerals supply lines and to protect these supply lines from manipulation and sabotage from the autocrats. In Norway, we have rich resources of high-grade magnetite, rare earths, titanium and copper. To mention something. Our Scandinavian brothers in Finland and Sweden have even more minerals. Together, the Nordic countries can be a secure supplier of the needed metals to Europe and the Western alliance. https://lnkd.in/gYkHwMqx

Oh Joint Statement on Establishment of the Minerals Security Partnership Finance Network MEDIA NOTE OFFICE OF THE SPOKESPERSON SEPTEMBER 23, 2024 The text of the following statement was released by the Governments of the United States of America and Australia, Canada, Estonia, Finland, France, Germany, India, Italy, Japan, the Republic of Korea, Norway, Sweden, the United Kingdom, and the European Union (represented by the European Commission) on the margins of the United Nations General Assembly in New York, New York. On 23 September, on the margins of the United Nations General Assembly, the Minerals Investment Network for Vital Energy Security and Transition- MINVEST, a public-private partnership between the U.S. Department of State and SAFE Center for Critical Minerals Strategy, hosted development finance institutions (DFIs) and export credit agencies (ECAs) of the Minerals Security Partnership (MSP) partner governments in their announcement of the establishment of the MSP Finance Network. This network will strengthen cooperation and promote information exchange and co-financing among participating institutions to advance diverse, secure, and sustainable supply chains for critical minerals. >> MSP partner DFIs, ECAs, and governments have achieved the following milestones in support of MSP projects, including: Kabanga Nickel: In August 2024, DFC signed a retainer letter with Kabanga Nickel Limited, a subsidiary of Lifezone Metals Ltd. (NYSE:LZM), to begin due diligence for political risk insurance on the Kabanga Nickel underground nickel-copper-cobalt mine site and the Kahama Hydromet refinery site in Tanzania. In September, DFC signed a non-binding letter with Kabanga Nickel Limited that expressed DFC’s interest in considering the project for loans as part of the project’s financing package. Mahenge Graphite Project Tanzania: POSCO International, a major Korean trading firm signed the agreement to purchase shares in Black Rock Mining Ltd. for US$40 million to secure a supply of graphite from a Tanzanian mine. Black Rock Mining will bring POSCO Group’s total ownership to 19.9%. The Agreement will pave the way for the development of the Mahenge mine in Tanzania, owned by Black Rock Mining, with POSCO Group receiving 30,000 tons of graphite annually starting in 2026. The volume is set to reach up to 60,000 tons by 2028, which can be used in the production of 1.26 million electric vehicles. This contract is anticipated to significantly diversify Korea’s supply chain for graphite, helping to mitigate potential disruptions. Debt finance for the mine has been provided by a syndicate comprising the Industrial Development Corporation of South Africa, Development Bank of South African and Tanzanian based commercial bank CRDB. POSCO has committed to a US$10 million prepayment facility. The project hopes to attract equity support from European and North American investors.

🔈 Major News for #CriticalMinerals and #SupplyChains enthusiasts!   The Mineral Security Partnership (MSP) – launched its “Finance Network” last Monday in the margin of the UN General Assembly. The MSP Finance Network involves a global group of major International Finance Institutions (IFIs) and Export Credit Agencies (ECAs).   👏It is a major step to strengthen cooperation in securing critical minerals supply chains to achieve the energy transition 🔌 while maintaining high ESG standards 🌱.   The MSP is a US supported initiative, involving 14 countries and the EU collaborating to “catalyze public and private investment in responsible critical minerals supply chains globally”. The MSP notably published “Principles for Responsible Critical Mineral Supply Chains” and started supporting projects across the value chain. The launch of the Finance Network follows the creation of the MSP Forum earlier in March during #PDAC.    🖋More info on the link below, including a list of major projects ⛏ which have ongoing support from the MSP partner Governments. #TeamLinklaters is looking forward to supporting our clients and exchanging with peers and colleagues on #Mining and #Energytransition projects globally. https://lnkd.in/eHSDadji

The Proposed National Gold Corporation Bill 2022 may slow international investment in PNG, unless listed on PNGX. Significant concerns have been raised by the PNG Chamber of Resources and Energy (CORE), the legal fraternity and Newmont, highlighting potential adverse effects on PNG’s sovereignty, economy, and the mining sector. The perceived increase in sovereign risk due to such legislation could negatively influence the country’s ability to attract and retain foreign investment and PNG's stock market. The negative impact of the proposed bill on attracting foreign investment into PNG's public capital markets, particularly PNGX, could be significant. While legislating a gold refinery is not good policy, an alternative would be for any proposed gold refinery to be listed on PNGX. Listing a gold refinery, even if largely owned by the PNG Government, could offer several significant benefits, including improved transparency, governance, and opportunities for local investment. Being listed also attracts more foreign investment. While foreign investors may initially be cautious about investing due to concerns over governance and repatriation of profits, the transparency and regulatory framework can provide a level of assurance. #PNGX #PNG #PNGBusiness #PapuaNewGuinea #GrowYourWealth #InvestInPNG https://lnkd.in/gC9um-Ha

The Proposed National Gold Corporation Bill 2022 may slow international investment in PNG, unless listed on PNGX. The proposed bill's impact on PNG's ability to attract foreign investment into its public capital markets would likely be negative, contributing to a less robust economic growth trajectory. Maintaining a stable, predictable, and fair investment environment is crucial for attracting domestic and foreign investment into PNG’s capital markets. Investors typically gauge sovereign risk to assess the stability and reliability of their investments in a country. Legislation that potentially destabilizes key economic sectors like mining could lead to a reduction in investment flows, affecting the broader economic health of PNG. The bill's potential to alter established legal and economic frameworks can make PNG a less attractive destination for both existing and potential new foreign investors, thereby impacting the overall economic growth and development of the country. While legislating a gold refinery is not good policy, an alternative would be for any proposed gold refinery to be listed on PNGX. Listing a gold refinery, even if largely owned by the PNG Government, could offer several significant benefits, including improved transparency, governance, and opportunities for local investment. 

♋ España NO aparece ¿? ➖ The text of the following statement was released by the Governments of the United States of America and Australia, Canada, Estonia, Finland, France, Germany, India, Italy, Japan, the Republic of Korea, Norway, Sweden, the United Kingdom, and the European Union (represented by the European Commission) on the margins of the United Nations General Assembly in New York, New York. On 23 September, on the margins of the United Nations General Assembly, the Minerals Investment Network for Vital Energy Security and Transition- MINVEST, a public-private partnership between the U.S. Department of State and SAFE Center for Critical Minerals Strategy, hosted development finance institutions (DFIs) and export credit agencies (ECAs) of the @Minerals Security Partnership (MSP) partner governments in their announcement of the establishment of the MSP Finance Network. This network will strengthen cooperation and promote information exchange and co-financing among participating institutions to advance diverse, secure, and sustainable supply chains for critical minerals. Partners emphasized that the scope and scale of meeting the rapidly increasing global demand for critical minerals to achieve the clean energy transition is beyond the purview of any single institution. The investment to deliver these goals will require the public sector and private sector to work together to deploy capital into new and existing markets in this sector. DFIs and ECAs have a key role to support MSP objectives through careful coordination to maximize effectiveness, identify and create synergies, and increase impact. The participating DFIs and ECAs discussed, including with representatives from the private sector, how they can work together to meet this challenge. Creation of the MSP Finance Network reflects a desire to strengthen information sharing, coordination, and collaboration among the network participants. This will drive sustainable investment in global critical mineral supply chains, including by mobilizing private sector capital, in production, extraction, processing, recycling, and recovery projects. The participants also affirmed their commitment to advancing critical mineral projects that are sustainable and adhere to high environmental, social, governance, and labor principles and promote local value creation, with a clear and measurable positive development on local economies and communities. These standards are essential to ensuring that local communities see benefits from the important role critical minerals are playing in the global economy for years to come. https://lnkd.in/ef3MmVnD

https://lnkd.in/eKbm6C4Z Green Lithium’s refinery in Teesside is set to become a key importer of critical raw materials and, after processing, a UK exporter of battery chemicals. This new export finance offering from UKEF is exactly the kind of initiative that will help UK businesses strengthen relationships with international partners, especially in Central Asia, and contribute to the development of stronger international supply chains. It also supports the industrial development of critical minerals in the UK. The UK government is a founding member of the US-initiated Minerals Security Partnership (MSP), which aims to help member economies secure stable access to critical minerals. UKEF announcement follows the recent launch of an MSP finance network, in which UKEF collaborates with other export credit agencies and financial bodies to help de-risk and increase financing for critical minerals projects. UKEF has also leveraged its existing products to bolster the UK's capability in critical minerals production. It recently announced a guarantee supporting machinery exports to Uzbekistan’s largest copper-production facilities at Almalyk GOK. The growing partnership between the UK and Central Asia is essential for securing supply chains of critical raw materials and ensuring the sustainable development of the mining industry. To further discuss these opportunities, join us at the MINEX Eurasia conference on 2 December in London. This event will focus on critical raw materials partnership opportunities in Central Asia and Mongolia. For more details, visit [www.minexeurasia.com](https://lnkd.in/eTZSqs8b). #Mining #GreenTech #CircularEconomy #NetZero #MinexEurope #IndustryInsights #CriticalRawMaterials #MinexEurasia

Read Peter Volk, Natalie Tershakowec, Julian Lupo and Jordan Stewart-Kuppek’s update on the federal government’s recent change in approach to the review of foreign direct investment in Canada’s critical minerals sector. Full details at https://lnkd.in/gcvF64kh #regulatory #compliance #miningindustry #mininglaw

We welcome the announcement of the Minerals Security Partnership Finance Network which aims to strengthen cooperation and promote information exchange and co-financing among participating institutions to advance diverse, secure, and sustainable supply chains for critical minerals.   This is a fantastic step in the right direction and a great example of like-minded nations coming together.    🇺🇸 🇦🇺 🇨🇦 🇪🇪 🇪🇺 🇫🇮 🇫🇷 🇮🇹 🇯🇵 🇳🇴 🇰🇷 🇬🇧 🌍   The Network includes the U.S. International Development Finance Corporation (DFC), Export Finance Australia (EFA), Export Development Canada (EDC), Estonian Investment Agency, European Investment Bank (EIB), European Battery Alliance, Euler Hermes, Export-Import Bank of the United States (EXIM), Finnvera, Finnfund, Nordic Investment Bank (NIB), InfraVia Capital, Banque publique d’investissement, Agence Française de Développement (AFD), Proparco, KfW Group, CDP (Cassa Depositi e Prestiti), SACE, SIMEST, Japan Bank for International Cooperation (JBIC), Japan International Cooperation Agency (JICA), Japan Organization for Metals and Energy Security (JOGMEC), NEXI (Nippon Export and Investment Insurance), Export Finance Norway (Eksfin), Innovasjon Norge, Export-Import Bank of Korea (KEXIM), Korea Mine Rehabilitation and Mineral Resources Corporation (KOMIR), Korea Trade Insurance Corporation (K-Sure), Korea Institute of Geoscience and Mineral Resources (KIGAM), Exportkreditnämnden (EKN), UK Export Finance (UKEF), and British International Investment (BII), plus the European Bank for Reconstruction and Development (EBRD) and the Africa Finance Corporation (AFC). #criticalminerals #criticalrawmaterials #supplychains #energytransition #defence #technology #automotive #mining #finance https://lnkd.in/e63dHA8t