BMB balamara resources limited

coking coal & phosphate eu critical materials

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    Coking Coal and Rock Phosphate have recently been added to the EU list of critical materials.

    http://europa.eu/rapid/press-release_IP-14-599_en.htm


    EUROPEAN COMMISSION
    PRESS RELEASE
    Brussels, 26 May 2014

    20 critical raw materials - major challenge for EU industry

    The European Commission presented today a revised list of Critical Raw Materials. The 2014 list includes 13 of the 14 materials identified in the previous list of 2011, with only tantalum moving out of the list (due to a lower supply risk). Six new materials appear on the list: borates, chromium, coking coal, magnesite, phosphate rock and silicon metal bringing the number up to 20 raw materials which are now considered critical by the European Commission. The other 14 raw materials are: antimony, beryllium, cobalt, fluorspar, gallium, germanium, indium, magnesium, natural graphite, niobium, platinum group metals, heavy rare earths, light rare earths and tungsten (MEMO/14/377).

    The list should help to incentivise the European production of critical raw materials and facilitate the launching of new mining and recycling activities. Furthermore, the list is being used by the Commission to help prioritise needs and actions. For example, it serves as a supporting element when negotiating trade agreements, challenging trade distortion measures or promoting research and innovation. It can also serve as a source of information for companies who would wish to evaluate the criticality of their own supply of raw materials.
 
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