#2Amendment No. 2 to the France 2030 Plan Convention on the Critical Metals Fund
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
This amendment expands the investment strategy for the Critical Metals Fund under the France 2030 Plan. It authorizes investing in strategic mineral projects across the whole supply chain, from extraction to recycling, aimed at securing resources for French and European industries. The changes involve multiple investment avenues including co-investing with private sectors, direct investments, and management mandates.
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Key Changes
- Expanded investment mandate for strategic mineral projects.
- Introduction of multiple investment avenues including co-investment, direct investment, and management mandates.
- Focus on securing supply chains for French and European industries.
Obligations
What this law requires
The Operator must invest in one or more dedicated investment funds that are primarily co-invested with private sector investors, except when authorized by the Engagement Committee.
The Operator must organize the selection of investment funds and management companies according to the principles and objectives outlined in Article 1.
Investment funds selected by the Operator must comply with the best standards of social and environmental responsibility in their investments.
The Operator must demonstrate to the Engagement Committee the justification for direct investments in mining projects, including expected financial returns.
The Operator must ensure that the funds it invests in adhere to the highest standards of social and environmental responsibility.