CEFC hands $116m for private equity-backed mining decarbonisation

The Clean Energy Finance Corporation has tipped more than $100 million into Resource Capital Funds to accelerate the decarbonisation of the mining sector and inject fresh momentum into the critical minerals supply chain.

The resources-focused private equity firm will invest the funds into junior Australian miners with new, or greenfield projects that are focused on minerals in the clean energy space including lithium, copper, nickel, graphite and rare earths. The CEFC has also encouraged the firm to help those companies decarbonise their operations by at least 2035.