Public money in mining
Loans, grants, equity stakes, offtakes and letters of support that governments, state banks, state-owned companies and development banks have put behind mines, refineries and minerals companies since 2020. Every row links to its source.
Awards on record––
Committed–excl. letters of interest
Letters of interest–non-binding signals
State equity deals–stakes, warrants, buyouts
What the money says
Who's paying US$ on record, by funder
–
Project Vault is a US$10 billion EXIM loan to fund a US stockpile, not a single mine, so it can swamp the picture. Amounts are as announced and converted to US$ near the date.
Promised vs paid share of US$ by status
–
"Announced" includes board approvals and grant selections not yet finalised. Few funders publish disbursements, so "disbursed" understates what has been paid.
By year US$ committed, excl. letters of interest
–
Where it goes US$ committed by mineral and stage
–
An award touching several minerals counts toward each; awards tagged "multiple" are shown on their own.
Washington's portfolio US government equity in minerals companies
The state as shareholder