Open letter to President Ajay Banga of the World Bank Group calling for extreme caution and due diligence for transition mineral mining

A coalition of 40 civil society organisations has called on World Bank Group President Ajay Banga to adopt stricter safeguards for transition mineral mining. The group recommends that the World Bank prioritise minimising mineral demand through technology life cycles, support national green industrial strategies over export-driven expansion, and enforce enhanced due diligence, including Free, Prior, and Informed Consent (FPIC) for Indigenous Peoples. They further argue that all transition mineral projects should be classified as 'category A high risk projects' to ensure robust application of accountability and safeguarding systems.

• The World Bank Group should adopt a strategy to reduce the overall need for minerals by focusing on technology life cycles, prioritising energy efficiency, and investing in safe recycling facilities.
• Investments should shift away from export-driven expansion and instead support mineral-rich countries in developing their own refining, processing, and renewable technology capabilities through national green industrial strategies and just transition plans.
• The World Bank Group is urged to implement enhanced due diligence across the entire mineral supply chain, specifically requiring Free, Prior, and Informed Consent (FPIC) for Indigenous Peoples and applying similar principles to other land-based communities.
• Due to the damaging nature of extraction, all transition mineral projects—including processing and technical assistance—should be classified as 'category A high risk projects' to ensure the application of robust safeguarding and remedy systems.

APA

Race, M. (2024). Open letter to President Ajay Banga of the World Bank Group calling for extreme caution and due diligence for transition mineral mining. Recourse. https://re-course.org/newsupdates/open-letter-to-president-ajay-banga-of-the-world-bank-group-calling-for-extreme-caution-and-due-diligence-for-transition-mineral-mining/

Chicago

Race, Madeleine. Open letter to President Ajay Banga of the World Bank Group calling for extreme caution and due diligence for transition mineral mining. Recourse, 2024. https://re-course.org/newsupdates/open-letter-to-president-ajay-banga-of-the-world-bank-group-calling-for-extreme-caution-and-due-diligence-for-transition-mineral-mining/.

Wikipedia

{{cite press release |last1=Race |first1=Madeleine |title=Open letter to President Ajay Banga of the World Bank Group calling for extreme caution and due diligence for transition mineral mining |publisher=Recourse |date=11 April 2024 |url=https://re-course.org/newsupdates/open-letter-to-president-ajay-banga-of-the-world-bank-group-calling-for-extreme-caution-and-due-diligence-for-transition-mineral-mining/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{race2024open, author = {Race, Madeleine}, title = {{Open letter to President Ajay Banga of the World Bank Group calling for extreme caution and due diligence for transition mineral mining}}, publisher = {Recourse}, year = {2024}, month = apr, url = {https://re-course.org/newsupdates/open-letter-to-president-ajay-banga-of-the-world-bank-group-calling-for-extreme-caution-and-due-diligence-for-transition-mineral-mining/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }