MINVEST: Minerals Investment Network for Vital Energy Security and Transition
The Minerals Investment Network for Vital Energy Security and Transition- MINVEST- is a public-private partnership between the U.S. Department of State and SAFE Center for Critical Minerals Strategy to promote public-private dialogue and spur investment in strategic mining, processing, and recycling opportunities that adhere to high environmental, social, and governance (ESG) standards.
Overview
The Minerals Investment Network for Vital Energy Security and Transition- MINVEST- is a public-private partnership between the U.S. Department of State and SAFE Center for Critical Minerals Strategy.
Launched on November 1, 2023, by Under Secretary of State for Economic Growth, Energy and the Environment Jose W. Fernandez and Special Representative for Global Partnerships Dorothy McAuliffe, MINVEST is a forum to promote public-private dialogue and spur private sector investment in strategic mining, processing, and recycling opportunities that adhere to high environmental, social, and governance (ESG) standards.
The MINVEST partnership supports the United States’ critical minerals strategic goals, including the Department of State’s commitment to the Minerals Security Partnership (MSP). Private sector companies, investors, and other stakeholders committed to responsible investment in minerals projects are invited to join the MINVEST network as members. At the outset, the MINVEST partnership was established via a Memorandum of Understanding between the Department of State on behalf of the United States Government and SAFE. Other MSP partner governments are welcome to join the MINVEST partnership.
Goals
MINVEST has two primary goals:
Goal 1: Infuse private sector perspectives into U.S. critical minerals foreign policy development and implementation.
Goal 2: Convene public and private stakeholders to facilitate investment in responsible and strategic critical minerals projects.
Partners
The Minerals Investment Network for Vital Energy Security and Transition- MINVEST- is a public private partnership between the U.S. Department of State and SAFE Center for Critical Minerals Strategy. Within the Department of State, the MINVEST Partnership is managed by the Office of Global Partnership on behalf of the Under Secretary for Economic Growth, Energy, and the Environment, in close cooperation with Bureau of Energy Resources. The Department of State works closely with interagency colleagues to coordinate on energy, climate, and U.S. national security and ensures U.S. leadership on global energy issues.
SAFE is a nonpartisan, nonprofit, mission-driven organization dedicated to diversifying fuel sources and supply chains needed for energy, transportation, and defense critical to U.S. and allied national security and economic competitiveness. SAFE launched the Center for Critical Minerals Strategy in 2021 to promote diverse, secure, sustainable supply chains from mining and processing to manufacturing and recycling that support the U.S. and its partners’ transition to a digital and green economy.
Recent Activities
Under Secretary Fernandez Hosts Roundtable on Critical Minerals at UNGA
On September 18, Under Secretary for Economic Growth, Energy, and the Environment Jose W. Fernandez convened U.S. government and private sector stakeholders from key sectors to discuss how to increase investment in critical minerals. This roundtable was co-organized by the Department of State’s Office of Global Partnerships and the non-profit SAFE, represented by SAFE’s President and CEO Robbie Diamond and Director of International Affairs Abigail Hunter. Among the U.S. government participants in the discussion were Assistant Secretary for Energy Resources Geoffrey Pyatt, Chair of EXIM Bank Reta Jo Lewis, and Special Representative for Global Partnerships Dorothy McAuliffe.
Demand for critical minerals, which are essential to the clean energy transition and other technologies, is projected to expand by factors of four to six and up to 42 times more (for lithium) in the coming decades. Transparent, diverse, predictable, secure, and sustainable supply chains for critical minerals are vital to deploying clean energy technologies at the speed and scale necessary to combat climate change effectively.
The convening highlights the U.S. Department of State’s commitment to working with partners across the public and private sector to address challenges and create opportunities in responsible mining, processing, and recycling of critical minerals. The U.S. officials and key stakeholder participants held candid conversations about how economic and diplomatic tools, including the Minerals Security Partnership (MSP), can address the needs and concerns of private sector investors as they seek to engage with minerals projects along the value chain – including extraction, processing, and recycling – and promote investment in projects that meet high environmental, social, and governance standards.
Releases
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