,06MEC JOGMEC’s current activities and support  measures  for stable supply of  mineral resources Japan Organization for Metals and Energy Security 04.07.2023    Ichiro TAKAHARA

• Conference on Critical Materials and Minerals
• It has been held regularly, with one particular aim being to exchange information on policies governing critical materials, R&D, and other efforts, under a framework of multilateral cooperation between Japan, the US, the EU, Australia, and Canada. 2011
• Japan-France Meeting
2023 • In a meeting METI and the Interdepartmental Delegate for Strategic Minerals and Metals Procurement, Benjamin Gallezot, France, it was confirmed that the government agencies, including JOGMEC, will work together on future bilateral cooperation in the field of critical minerals.
• Japan-Germany Summit Meeting
2023 • The main theme of the meeting was economic security. A Joint Statement 1st Japan-Germany Inter-Governmental Consultations was held. • For building resilient supply-chain, JOGMEC was nominated as relevant authorities for expansion cooperation in this Joint Statement.
2/12 ENACTED to comprehensively and effectively promote economic measures related to ensuring security in the context of changing socioeconomic structures due to increasingly complex international situations.
◆ Four Pillars and goals of ESPA

Three new measures by JOGMEC JOGMEC 3/12 To achieve the target volumes for 2030 and secure stable and resilience of supply chain, JOGMEC strengthened following three measures: New challenges from social- environmental changes Conventional risks for stable global supply (1) Increase maximum equity capital support ratio from 50 % to 75% for specific commodities Battery Metals (Li, Ni, Co), REEs, PGMs Strategy for Battery Supply
Japanese Companies investment decision 110 billion Yen (0.79 billion USD) This amount is within the USD 13 billion range of measures taken at the Five-Point Plan for Critical Metals Security.

Measures by ESPA fund
● Equity investment and Capex Support for development and Exploration cost Since, Mine development is becoming increasingly difficult and competition for offtake is intensifying ● Capex support for Beneficiation and Smelting Increases cost competitiveness, then reduces supply chain dependence on specific countries ● Aggressive R&D support Necessity to increase efficiency and lower costs of mineral resource production
Conditions of Subsidies from ESPA fund
✓ For Japanese Company (ies), up to 50 % support ✓ Uses for Exploration Cost, Capex, Equity Capital and R&D cost only ✓ Commodity Critical Metals (currently limited for followings) Li, Ni, Co, Mn and graphite (LIB) and REEs (Magnets) . ✓ Key Project Criteria: Secure critical material supply to “Japan” (some portion) .
Equity Investment
Project Exploration cost, Capex, R&D JOGMEC R&D
G7 Energy Ministers reaffirm the importance of critical minerals in the clean energy transition while preventing economic and security risks, with supporting open and market-based trade in critical minerals, opposing market-distorting measures, and are committed to implement the "Five-Point Plan for Critical Minerals Security."
Point 1: Forecast Long-term Supply and Demand
2 Analyze the medium- and long-term supply-demand outlook for critical minerals essential for energy transition based on expertise from both mining producing and consuming industries; Request IEA establish an internal taskforce and undertake the analysis and verification to facilitate this work; Point 2: Develop Resources and Supply Chains Responsibly Promote co-investment efforts (including those of MSP, etc.) on resource and supply chain development based on high ESG standards in cooperation with like-minded countries, with 13-billion-dollar fiscal support across the G7 countries;
Point 3: Recycle More and Share Capabilities
Establish initiatives at global level to facilitate the environmentally sound management and recycling of e-Waste among developing countries and like-minded countries with advanced technologies; Extend a similar approach to recycling of lithium-ion batteries and rare earth magnets in the future; Point 4: Save with Innovations Promote innovations in resource-saving and substitute technologies for critical minerals based on the industrial situation of each country; Share information on such R&D efforts in expanded Conference on Critical Materials and Minerals; Point 5: Prepare for Supply Disruptions Welcome IEA's initiatives to develop the "Voluntary Critical Mineral Security Program" for short-term disruptions of critical minerals and provide IEA with possible information;
6/12 JOGMEC is a government-affiliated organization to secure a stable and economical supply of natural resources for Japan . Financial and technical support for metals/mineral resources • Promotion of decarbonization • Wind condition survey • Geological survey . Promoting domestic and international project of geothermal energy Japan Organization for Metals and Energy Security Metal JOGMEC Japan Organization for Metals and Energy Security Wind Power . Financial and technical support for fossil fuel development . Promotion of decarbonization Stable LNG supply chain . • Financial and technical support for CCS Financial support for hydrogen / ammonia project Geothermal Oil, Gas and Coal H,, NH,
7/12 JOGMEC provides a wide range of support to help Japanese companies mitigate risks, based on so-called JOGMEC Act and Economic Security Promotion Act
Japan Organization for Metals and Energy Security Thank you. Japan Organization for Metals and Energy Security
OGMEC 9/12 JOGMEC is a government-affiliated organization to secure a stable and economical supply of natural resources for Japan Government ( Policymaking ) 10GMEC (Implement policies related to natural resources area Financial and Technical support Japanese Private Companies
JV Exploration: 15 projects in 10 countries Financial Assistance: 13 projects in 10 countries Joint Research: 6 Countries (Geologic survey and technical development) Base Metals, 7 Equity Capital: 4 projects Loan: 8 projects Debt Guarantee: 1 projects o. ■ ●  Joint Venture Exploration ■ Finance Assistance Δ  Joint Research Japan Organization for Metals and Energy Security
① JOGMEC signed MOU*s concerning geological remote sensing projects in Botswana with 12 countries of SADC**. ② JOGMEC’s international cooperation in HR development in the center contributes to self- sustaining development in the mining sector ③ JOGMEC surveys resource potential in the center and promotes investment by Japanese companies ④ To date, HR development has been provided to a total of 2,229 people in 16 countries.  (as of March 17, 2023) *Memorandum of Understanding
Designated Mineral Commodities : 35 mineral commodities including rare metals * Japanese government chooses the mineral commodities to be actually stockpiled from the list.
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