CEFC invests $117m in Resource Capital Funds
Make us a preferred source
Make us a preferred source on Google
The news: The Clean Energy Finance Corporation (CEFC) has invested USD75 million ($117.3 million) in alternative investment manager Resource Capital Funds (RCF), to support Australia's critical mineral supply chain and clean energy transition.
The context: The CEFC, an Australian government-owned green bank that invests in clean energy, said the majority of the investment into RCF's flagship private equity fund will drive decarbonisation within Australian mining operations.
The commitment aims to help the Australian mining sector capitalise on the opportunities offered by the clean energy transition, adopt more sustainable mining practices and reduce emissions well as helping decarbonise the critical mineral supply chain, it said.
What they said: "The world urgently needs a strong supply of critical minerals to power the clean energy transition," CEFC director for Western Australia and resources, Jacqueline Lane said.
"From the lithium and nickel for batteries to the copper for transmission, we must secure these minerals quickly and sustainably."
Jacqui Murray, partner and head of fund at RCF, said: "We believe the world is undergoing a paradigm shift in the demand for metals and minerals, and are pleased to be working with the CEFC to advance decarbonisation through investments in emerging critical minerals projects".
The source: CEFC media release
