Home›Commodities›Mining›Critical minerals funding split raises governance and…

Critical minerals funding split raises governance and community gap

A new TAI Collaborative report commissioned by the BHP Foundation says development finance for mines and processing is expanding while funding for transparency and oversight appears to be tightening.

Reported · Written up by our desk · Mining

Governments are funding critical minerals projects to build new supply chains, but a donor network warning says cuts to governance and community engagement funding could slow those same efforts, according to a new report from the Trust, Accountability and Inclusion, or TAI, Collaborative.

Mining.com reports the research, titled Thinking Strategically About Mineral Governance Funding, finds demand for minerals is rising rapidly while funding for mineral governance appears to be tightening, citing contracting official development assistance and some legacy philanthropies scaling back support.

TAI said development finance for mines, processing facilities and other critical minerals infrastructure is expanding at the same time that funding for transparency, regulatory capacity, civil society oversight and community participation is being cut, the outlet said.

Mining.com also quoted TAI executive director Michael Jarvis, describing the imbalance between large sums moving into project development and the shrinking support for governance and engagement.

More like this

Sources