Region: Europe

  • Nordic Iron Ore applies for additional exploration permit at Blötberget

    Nordic Iron Ore applies for additional exploration permit at Blötberget

    Initial exploration has given signals that the area is promising for expansion. A successful broadened exploration of the area could potentially increase Nordic Iron Ore’s mineral resources.

    Through Nordic Iron Ore’s own exploration work and its participation in the EU-financed project Smart Exploration, knowledge has increased of the geology in the area, as well as previously explored areas. It also worth noting that the area has historically seen several small-scale mining operations. In addition to Smart Exploration’s measures, performed magnetic measurements indicate that the mineralisation in Blötberget continues to the north-east and could potentially be more easily accessible for mining. This makes the area promising for additional exploration. The company has therefore made an additional application to Bergsstaten for an exploration permit, Blötberget nr 6. Following approval of the application, the plan is to undertake core drilling in the area.

    “It is pleasing to see that our exploration work is progressing and we have now made our second application for a new exploration permit during the past year. The purpose of the work is to expand upon the company’s mineral resources and thereby prolong the life of mine and improve profitability for the future mining operations at Blötberget,” said Ronne Hamerslag, VD at Nordic Iron Ore.

  • EU agrees mineral supply targets to cut reliance on China

    EU agrees mineral supply targets to cut reliance on China

    The European Commission proposed the Critical Raw Materials Act in March, a centrepiece of EU strategy to allow it to compete with the United States and China in making clean tech products.

    The proposal said the European Union should extract 10%, recycle 15% and process 40% of its annual needs by 2030 for 16 “strategic raw materials”.

    The European Parliament and the Council, the grouping of EU governments, needed to agree on a common text. They did this on Monday, parties from both sides said, paving the way for the law to enter force in early 2024.

    Negotiators upgraded the recycling target to at least 25%. Parliament negotiators also said the European Commission would pass a related act in 2027 that set a recycling target related to annual waste collected, rather than consumption.

    The negotiators also agreed to add aluminium to the list of strategic raw materials as well as synthetic graphite. Natural graphite was already in the list.

    The latter inclusion reflects China’s plan to tighten export controls for graphite. China refines over 90% of the world’s graphite into material that is used in almost all electric vehicle anodes, the negatively charged portion of the battery.

    The EU is also heavily reliant on China for rare earths and lithium, other vital materials for its green transition.

    The act’s aim is that no third country should provide more than 65% of any strategic raw material, which also includes cobalt, copper, magnesium and titanium.

    The act sets time limits on granting permits for strategic mining, recycling and processing projects, and requires large companies needing strategic materials in key technologies to do regular risk assessments of their supply chains.

    It also has provisions designed to moderate consumption.

    EU industry chief Thierry Breton said in a statement that, without action, Europe risked shortages and unwanted dependencies, and that the law would ensure high environmental and social standards.

    The bloc will work with EU members to identify strategic projects that will benefit from shorter and more efficient permitting procedures and easier access to finance, he added.

  • Norway reluctant to ban deep sea mining in the Arctic, despite French pressure

    Norway reluctant to ban deep sea mining in the Arctic, despite French pressure

    Thirty-one countries have pledged to stop all deep-sea mining in polar regions at the One Planet Polar Summit, which ended in Paris on Friday (10 November), in a deal that Norway still needs to sign amid criticism of its recent decision to allow Arctic mining.

    Paris held the world’s first summit to safeguard the poles and glaciers last week (8-10 November), at which host French President Emmanuel Macron stressed the importance of “putting an end to any prospect of deep-sea mining”.

    France, Germany, Spain, India and Chile – a major player in the Antarctic region – signed the summit’s conclusions, dubbed the “Paris Call for the Poles and Glaciers”.

    But Norway, represented by its Prime Minister, Jonas Gahr Støre, did not sign on the dotted line.

    In June, the country’s parliament gave its go-ahead for a deep-sea mining mission to explore 280,000 square kilometres of seabed around the Svalbard archipelago, part of which lies in the Arctic – a move for which the country has received much criticism.

    Criticism was particularly strong last week while the summit was ongoing.

    Besides a call in a letter signed by around 100 MPs all over in EU on Thursday calling on Norway’s parliament to halt the project and accept a temporary stop to sea bed mining, NGOs presented their own letter to the prime minister at the meeting in Paris, reiterating the call, Euractiv France reported.

    Big debate in Norway

    “Norway is in the process of redefining its strategy. There’s a big debate in the country right now, and the authorities will not launch any new Arctic-wide deep-sea mining operations until they have evidence that the impact on the environment is low”, the French presidential office said after the summit.

    “The country is not reluctant to discuss the issue,” it added, noting that “this does not mean that the country dares to commit to a moratorium at this time”.

    However, this stance should not come as a surprise as Oslo has also been at odds with the EU on the issue of fishing in the polar areas for several years, arguing over the definition of fishing quotas and sovereignty over exploiting the areas surrounding Svalbard.

    Krill fishing, which takes place in the Antarctic and for which Norway is the global leader, has aroused a great deal of concern among NGOs who point to the species being essential to the oceans’ food balance and note how farming the species at a wide scale makes no economic sense.

    Krill is mainly fished to feed farmed fish, explains Geneviève Pons, the director-general of the Europe Jacques Delors think tank and former director of WWF Europe.

    The challenge now is to “demonstrate the economic irrationality of its exploitation,” she added. “Chartering boats, equipping them with cutting-edge technology, etc. – from a cost-benefit point of view, this is far less interesting than developing insect-based food, which is more suited to the traditional diet of farmed fish such as salmon”, Pons said.

    Double talk

    But scientists at the summit also called for “a risk-benefit approach to the costs of cryospheric degradation”, says Pascal Lamy, vice president of the European Jacques Delors think-tank and former EU Trade commissionner (1999-2004).

    And Norway, which is involved in several initiatives to protect the polar regions, is “double-talking”, says Pons, who fears this may be encouraged by the European Union.

    The EU has indeed increasingly turned to its Norwegian partner for gas supplies in the wake of Russia’s war in Ukraine and doesn’t want to upset those good relations.

    At the Nort Sea Summit in April, European Commission President Ursula von der Leyen declared that she was “particularly pleased that, in the years to come, Norway will maintain its high level of gas supplies”.

    However, this type of ‘double speak’ worries environmental associations.

    “We know that the Norwegian government is trying to use the EU to justify the construction of new oil and gas infrastructure, especially in the Arctic,” commented Gina Gylver, President of Young Friends of the Earth Norway.

    Fishing relations between the EU bloc and Norway – from whom the EU currently absorbs 75% of its exports – have recently reached new heights as the two partners signed several agreements on fishing quotas and reciprocal access to waters earlier this year.

    Because of this, “the most urgent priority is to translate the One Planet-Polar Summit’s leadership on cryosphere protection into political action at the COP28 in Dubai”, the NGOs concluded in their recommendations to the summit’s stakeholders.

  • Resilience Can’t be Imported: European Steel Makes the EU Stronger

    Resilience Can’t be Imported: European Steel Makes the EU Stronger

    Policymakers know that the stakes are high at this moment of transition in Europe. Will they realise how important it will be for that growth to ‘come from within’? Prioritising European-made steel will help ensure resilient EU clean tech value chains.

    Axel Eggert is the Director General of the European Steel Association (EUROFER).

    In a local shop the other day, I saw one of those decorative quote boards. It read, “Resilience comes from within”. While I most definitely was not in the market for such an object, the word ‘resilience’ caught my eye because recently we’ve been hearing that term a lot around Brussels. Resilient and secure EU clean tech value chains are key to cutting CO2 emissions and achieving carbon neutrality.

    But the conversation also must focus on what it will take to build a clean energy supply chain for the EU. Steel is, quite literally, the foundation of Europe. To ensure that the EU meets its ambitious Green Deal climate goals and remains prosperous and autonomous, the steel that builds the backbone of Europe’s growth must ‘come from within’ – and be made in Europe.

    As they consider impending policies, European policymakers need to know what’s at stake. Simply put, prioritising European-made steel will make the EU clean tech value chains more resilient.

    With more than 60 decarbonisation projects underway, and with its first breakthrough technologies to implemented at industrial scale already in 2025 and 2026, the European steel industry is paving the way for a truly net-zero emissions economy. If implemented successfully in Europe, these projects will deliver dual benefits: 1) they will create demand for clean hydrogen and electricity, and 2) they will supply the green steel that is needed to build windmills, electrical vehicles, modern buildings and  infrastructure.

    However, this successful transition cannot – and should not – be taken for granted. Production costs for EU steel companies are increasingly uncompetitive compared to those in third countries, where energy costs are 2-4 times lower than in the EU. Global overcapacities, often fuelled by state subsidies, result in unfair trade practices that undermine the economic sustainability required for the decarbonisation investments.

    In the last decade alone, Europe has lost 26 million tonnes of steel production capacity and a quarter of its workforce. Thus the EU has become a net importer of cheaper and highly carbon-intensive steel from China and other countries. In fact, imports into the EU have reached a historical record of 28% market share.

    This time things are different. As other strategic clean tech sectors, such as wind and electric vehicles, start experiencing the same vicious circle, there is a growing understanding that the EU must change course.

    We face two game-changing factors. First, the geopolitical and economic system we have relied on since the end of the Second World War is now under question. Second, Europe is losing its competitive edge to the US, China and other countries. Commenting recently on the EU’s eroding global competitiveness, former president of the European Central Bank and former Italian prime minister Mario Draghi said the EU should be very worried about competitiveness, and cited high energy costs as a key issue to be addressed.

    If the global race for clean technologies is now the new engine of Europe’s prosperity, we must lead it. We need to thrive, not just survive. The EU can no longer rely on systemic dependencies, whether they are with friends, frenemies or rivals.

    Today, open strategic autonomy lies at the heart of the clean tech value chain. What does this mean in practice? As European Commission President Ursula von der Leyen rightly stated in her 2023 State of the Union Address‘from wind to steel, from batteries to electric vehicles, our ambition is crystal clear: the future of our clean tech industry has to be made in Europe.’ Without a clean tech value chain in Europe – that is, without windmills, solar panels, electrolysers, batteries, and electric vehicles – we risk losing our prosperity and our autonomy.

    And each one of those technologies, and so many more, are forged with steel. Steel forms the backbone of the entire clean tech value chain, and the material has underpinned the EU’s economy since the Schuman Declaration in 1950. Today, nearly 75 years later, steel accounts for 2.5 million jobs (direct, indirect and induced) and generates €143 billion in Gross Value Added annually across sectors. Steel and other industries that are essential for clean tech value chains must be at the top of the EU agenda today and after the 2024 elections.

    So, how to put von der Leyen’s words into practice and ensure the transition to a sustainable European steel industry? EU policymakers should focus on five priority areas, as outlined in the Manifesto of the European Steel Industry:

    • Industrial policy: streamline a joint green industrial policy across all policy areas to spur investments and create lead markets for green products, under the coordination of a Commission Executive Vice-President.
    • Energy: urgently deliver internationally competitive energy prices for the industry, while accelerating the production of clean electricity and hydrogen as well as prioritising its use in sectors with the highest CO2 abatement potential.
    • Trade: establish an effective EU-US Global Arrangement on Sustainable Steel to tackle global emissions and address excess capacity, while enforcing a robust trade policy as well as implementing an effective Carbon Border Adjustment Mechanism (CBAM).
    • Raw materials: ensure access to both primary and secondary raw materials including steel scrap, which are essential for the green transition, while saving natural resources and emissions.
    • Skills: attract young talent to support the sector’s transition, and upskill and reskill the workforce to ensure a just transition.

    Resilience is key, and it comes from within our borders. Europe’s future can only be stronger with European steel.

  • Euro Sun Mining sees Romania copper project benefitting from EU’s critical materials deal

    Euro Sun Mining sees Romania copper project benefitting from EU’s critical materials deal

    Euro Sun Mining Inc (TSX:ESM, OTC:CPNFF) has welcomed the announcement that the European Parliament and Council have reached an agreement on the Critical Raw Materials Act, in particular, that the act recognizes copper as both a strategic and critical raw material.

    The act aims to increase the European Union’s domestic capacities for critical raw materials by identifying, streamlining and facilitating access to finance for strategic projects.

    It lists 34 critical raw materials and sets targets to increase the EU’s contribution of these substances being 10% for extraction, 40% for processing and 15% for recycling.

    The act is provisional, pending final approval by the European Parliament and Council.

    “We welcome the passing of the act and applaud the EU’s recognition of the importance of increasing domestic production of critical materials, in particular copper,” Euro Sun CEO Grant Sboros said.

    “Euro Sun believes the Rovina Valley project is a perfect candidate for the act given that it is situated in Romania and its sizable copper deposits. We look forward to working with the government of Romania to streamline the permitting and financing of the Rovina Valley project under the act.”

    Euro Sun is a Toronto Stock Exchange-listed mining company focused on the exploration and development of its 100%-owned Rovina Valley gold and copper project located in west-central Romania, which hosts the second-largest gold deposit in Europe.

  • Rio Tinto filed nine lawsuits against Serbia

    Rio Tinto filed nine lawsuits against Serbia

    Rio Tinto’s Serbian subsidiary Rio Sava has filed nine lawsuits against the country’s government in connection with the abolishment of its Jadar project.

    News of a legal dispute between Rio Tinto and the state of Serbia is a new twist regarding the company’s lithium mining and processing project. Serbia halted it in January 2022, but environmental activists and residents of the Jadar area believe that both Rio Tinto and Serbia’s authorities have not given up on the investment.

    Information about the lawsuits emerged two weeks after a media report that Serbia and the European Commission signed a letter of intent in September to initiate a strategic partnership for batteries and critical raw materials including lithium.

    The Nova news outlet learned that under the jurisdiction of the Administrative Court, there are four cases against the decision of the Government of Serbia to abolish the project, two suits against the Ministry of Agriculture, Forestry and Water Management, and three against the Ministry of Finance.

    Of note, Rio Tinto said on several occasions that it plans to sue Serbia.

    With two lawsuits, Rio Tinto is disputing the government’s decision to annul the approval of environmental impact assessments, issued by the Ministry of Environmental Protection, the court revealed.

    The state Administrative Commission has rejected Rio Sava’s appeals, which resulted in the two remaining cases, the report reads.

    Since the beginning of October, Rio Sava fired about 80% of its employees

    Two lawsuits concern the Ministry of Agriculture’s inspection measures, according to the article. The cases that the Anglo-Australian mining giant launched against the Ministry of Finance are related to tax issues, it adds.

    In addition, Nova.rs reported, without identifying its source, that Rio Sava fired 80% of its workers since the beginning of October.

    The plan is to keep twenty employees only until the administrative procedure for the layoffs is completed and then to close the firm, which means Jadar project is finished, the website wrote.

  • Kazakhstan and France intend to begin development of a uranium deposit in South Tortkuduk

    Kazakhstan and France intend to begin development of a uranium deposit in South Tortkuduk

    The work will be carried out by a joint venture, which includes Kazatomprom (49%), KATCO and Orano Mining (51%).

    The Kazakh-French joint venture is going to begin uranium mining by the end of 2023, inbusiness.kz reports with reference to trend.az.

    According to the head of the company’s press service, Gwenael Thomas, the agreement on this is reflected in the amendment made to the existing subsoil use contract in August 2022. Development of this new site should guarantee KATCO production for approximately 15 years.

    The head of the company’s press service also touched upon other agreements reached between Kazakhstan and Orano.

    “In November 2022, Orano and Kazatomprom signed a memorandum of cooperation as part of the visit of the President of Kazakhstan Kassym-Jomart Tokayev to France. Through this memorandum, Orano and Kazatomprom declare their intention to maintain and strengthen cooperation in the uranium mining industry, building on their existing successful partnership,” he said.

    Thomas added that among the joint cooperation initiatives, the memorandum includes the implementation of a joint technical research and development roadmap, an exploration of ways to address the issue of carbon dioxide emissions from the operations of the enterprises, and also lays the foundation for discussions on the long-term development of the partnership between the two companies.

    KATCO was founded in 1996 to develop and operate the Muyunkum and Tortkuduk uranium deposits in the Turkestan region, approximately 300 kilometers north of Shymkent.

    Today the company employs about 1,200 people and operates an ISR (In-Situ Recovery) mine with an annual capacity of about 4 thousand tons of uranium. The exploitation of two deposits has allowed KATCO to produce more than 40 thousand tons of uranium over the past 20 years.

  • Sandvik to explore surface drilling automation, digitalisation, electrification advances at new testing facility

    Sandvik to explore surface drilling automation, digitalisation, electrification advances at new testing facility

    In support of the shift towards electrification and the advancement of autonomous and optimisation technologies in surface drilling, Sandvik has acquired a new testing facility in Finland to develop and prove future surface drilling technologies.

    The surface test mine is 40 km northwest of Tampere and Sandvik’s underground test mine. The area, which has previously served as a quarry, will be developed by its own drilling plan. The site is Sandvik’s first dedicated exclusively to surface drilling on such a large scale.

    Petri Virrankoski, President, Surface Drilling at Sandvik Mining and Rock Solutions, said: “The development of comprehensive solutions that not only harness the latest technologies but also deliver productivity and reliability in our customers’ real-life applications and conditions requires a real-life test environment. The surface test mine will facilitate the exchange of our deep know-how in equipment manufacturing, rock tools, automation and digitalisation, supporting the design and development of even more new products and solutions in the future.”

    Sandvik is currently developing the site, officially known as Sandvik Test Pit, and testing its first drills there. Over the next two years, the company plans to construct permanent office buildings and designated customer facilities at the location.

    Sandvik will use the test mine for R&D as well as hosting customers for technology demonstrations, particularly those related to automation, digitalisation and electrification of surface drills. The site will enable technology development and training for both surface boom and rotary drill rigs, as well as rock tools, parts and services and related digital technologies such as automation and fleet telematics and monitoring solutions.

    The test mine will also allow Sandvik to explore and demonstrate power source alternatives in a real-world environment, in which infrastructure to support both boom and rotary drilling electrification can be provided.

    Dave Shellhammer, President, Rotary Drilling at Sandvik Mining and Rock Solutions, said: “Decarbonisation is accelerating across our industry, and the role of electrification in surface mining sustainability will help guide our development of new systems and solutions. Testing is a major part of our R&D cycle. This new test mine will help us shorten time to market and verify even more swiftly that we’re delivering the safest, most reliable and productive drill rigs to our customers.”

  • Portuguese prime minister resigns amid lithium corruption allegations

    Portuguese prime minister resigns amid lithium corruption allegations

    Portuguese Prime Minister Antonio Costa has resigned amid investigations into possible crimes of corruption in government relating to lithium and hydrogen projects. Prosecutors have detained his chief of staff as part of the investigation.

    Costa announced his resignation on television, stating: “Today I was surprised by the information, officially confirmed by the public prosecutor’s office, that a criminal process has already been or will be initiated against me. Obviously, I am fully available to collaborate with the justice system in whatever is necessary to uncover the truth. However, it is my understanding that the dignity of the function of prime minister is not compatible with the suspicion of any criminal act, which is why I obviously presented my resignation.”

    The outgoing prime minister added that he has a “clear conscience” and will not run for the fourth time in the early elections that the Portuguese president will likely call.

    President Marcelo Rebelo de Sousa must now decide whether to allow Costa’s Socialists to form a new government with their majority in parliament or to dissolve parliament and call an election.

    Prosecutors are currently investigating alleged graft and influence peddling in the Barroso and Montalegre lithium mine concessions in northern Portugal and a project for a hydrogen plant in Sines port. On Tuesday, five people were detained as part of the investigation.

    The prosecutor’s office said: “At stake may be… facts capable of constituting crimes of malfeasance, active and passive corruption of politicians and influence peddling.

  • Britain targets Russian gold, oil sectors in new sanctions

    Britain targets Russian gold, oil sectors in new sanctions

    LONDON, Nov 8 (Reuters) – Britain on Wednesday imposed sanctions on 29 individuals and entities in Russia’s gold and oil sectors, as it targets the Kremlin’s finances supporting the war in Ukraine.

    Britain sanctioned two of Russia’s largest gold producers, Nord Gold Plc and Highland Gold Mining Ltd. Britain’s National Crime Agency (NCA) also issued an alert to financial institutions, warning them about Russian attempts to use gold to evade sanctions.

    The two companies did not immediately respond to requests for comment.

    Those sanctioned also include a United Arab Emirates-based network which Britain said was responsible for channelling more than $300 million in gold revenues to Russia, as well as businessmen Vladislav Sviblov and Konstantin Strukov.

    “Today’s sanctions will hit those who have provided succour to (Russian President Vladimir) Putin by helping him to lessen the impact of our sanctions on Russian gold and oil – two critical sources of revenue for the Russian war machine,” British Foreign Secretary James Cleverly said.

    The NCA said it hoped its notice would put banks and traders in Britain, a key location for precious metal trading, on alert so that Russian attempts to launder sanctioned gold by masking its origin could be spotted and stopped.

    “This alert will aid efforts, in partnership with the regulated sector, including the banks and high value dealers, to ensure that sanctioned individuals or those who represent them cannot use gold to circumvent UK sanctions,” said Adrian Searle, director of the National Economic Crime Centre at the NCA.