Joint Statement on the Minerals Security Partnership Announce Support for Mining, Processing and Recycling Projects

Country / jurisdiction: United States · Year: 2023 · Status: In force · Level: National · Type: Voluntary

The Minerals Security Partnership (MSP) conducted a principals' meeting in London, focusing on responsible investment in critical minerals. The meeting aimed to enhance collaboration between MSP, like-minded partners and the global financial community. Representatives from various countries and private sector organisations participated, including Australia, Brazil, Canada, the European Commission and others.

The MSP seeks to promote public and private sector investments for secure and responsible global critical minerals supply chains, adhering to high environmental, social and governance (ESG) standards. During the meeting, MSP partners discussed projects in upstream mining, midstream minerals processing and recycling which focus on lithium, graphite, nickel, cobalt, manganese, copper and rare earth elements across regions like the Americas, Africa, Europe and Asia-Pacific.

Key milestones were highlighted for specific projects, such as the Chvaletice Manganese Project in Czechia supporting a circular economy and the Queensland Pacific Metals' Townsville Energy Chemical Hub (TECH) project in Australia for nickel processing. Twigg Exploration and Mining in Mozambique received a USD 150 million loan from the U.S. International Development Finance Corporation for graphite mining. HyProMag is working on rare earth magnet recycling using Hydrogen Processing of Magnet Scrap technology.

The MSP remains committed to leveraging the financial and diplomatic resources of its 14 partners to support strategic projects that align with responsible mining principles, aiming to shape global discussions on critical minerals supply chains. The partnership continues to assess potential investment opportunities across eligible markets to diversify critical mineral supply chains and develop associated infrastructure.

Official source: https://www.state.gov/joint-statement-on-the-minerals-security-partnership-announce-support-for-mining-processing-and-recycling-projects/