Jakarta, 1 July 2024 – The launching ceremony of the project entitled “Critical Minerals Management and Strategy for Sustainable Environment in ASEAN” was held on 1 July 2024. This initiative is supported by the ASEAN-Korea Cooperation Fund (AKCF) with total funding of USD 5.6M until 2026. The launch event was attended by representatives from ASEAN Member States, the Republic of Korea Mission to ASEAN, the ASEAN Secretariat, and the ASEAN-Korea Program Management Team (AKPMT).

The project was co-proposed by the Coordinating Committee for Geoscience Programmes in East & Southeast Asia (CCOP) and the Geological Agency of Indonesia. It will be co-implemented by CCOP and the Korea Institute of Geoscience & Mineral Resources (KIGAM). Over the next three years, the co-proponents and co-implementing agencies will convene various capacity-building workshops and training programs. These initiatives aim to enhance the knowledge and expertise of government officials and young professionals/experts from member states in critical minerals field.

The Launching Ceremony on 1 July was graced by several distinguished guests, including H.E. LEE Jang-keun, Ambassador of the Republic of Korea to ASEAN; H.E. Satvinder Singh, Deputy Secretary General of ASEAN for the ASEAN Economic Community; and Dr. Hendra Gunawan from the Geological Agency of Indonesia.

H.E. Lee Jang-keun, Ambassador of ROK to ASEAN

In his remarks, Ambassador LEE Jang-keun highlighted the significance of the project, stating, “Korea and ASEAN have come up with this project, aiming at contributing to the stable supply of critical minerals, to the development of specialized personnel, the establishment of databases, and to the enhancement of technical capabilities related to critical minerals for ASEAN countries.”

Deputy Secretary General Satvinder Singh emphasized the shared commitment of Member States in his address: “The Member States have shared commitment to develop our mineral resources and contribute to securing an adequate and steady supply of metals and minerals to meet rising minerals demand and to fuel industrial expansion across ASEAN and boost the region’s competitiveness in the global markets.” He also expressed optimism about the project's benefits, noting that it will expand ASEAN's knowledge in the critical mineral field.

 

By implementing this cooperation project in critical minerals, ASEAN and the Republic of Korea have demonstrated that their cooperation is constantly evolving to meet global challenges and trends. This initiative reflects their commitment to exploring new areas of collaboration to enhance the ASEAN-Korea dialogue partnership.

Following the successful launch, the 1st Technical Workshop was held from 1-3 July, and the 1st Data-base Workshop took place from 4-5 July 2024. These workshops are the first in a series of designed activities to build capacity and foster collaboration among ASEAN Member States in the management of critical minerals.

The continued efforts under this project will significantly contribute to the sustainable management of critical minerals, supporting the environmental and economic goals of the ASEAN region. The ASEAN-Korea partnership continues to thrive, setting a precedent for future collaborations in other vital sectors.