EUR 2.08% 4.7¢ european lithium limited

EUROPEAN LITHIUM LIMITED, page-3023

  1. 1,703 Posts.
    lightbulb Created with Sketch. 226

    Exactly the same problem will probably have European Lithium , if they present / submit after the DFS to the authorities and the public the permit for production....
    +++++++++++++++

    https://www.mining-technology.com/features/european-mining-rare-earths/




    Acceptance versus apathy

    But while EU governments largely accept the need for greater raw materials self sufficiency, within the European population at large there is substantial apathy, if not downright hostility, towards the metals resource industry. Serbia, the Czech Republic, Spain and Portugal host world class lithium deposits, but there is considerable opposition to their development.

    In Spain, local residents are battling to defeat Infinity Lithium’s proposed lithium mine in the Valdeflores Valley. Campaigning under the banner of the citizen group ‘Save the Mountain’ they have resisted the company’s plans and taken Infinity to court. This is despite an amended proposal for an underground, rather than open pit mine.

    Also in the region, Lithium Iberia has proposed another large lithium mine, known as Las Navas. But it too, has faced steep opposition from locals on the grounds that it is an area traditionally dedicated to common pastures for ranchers and cork harvesting.

    Similar opposition is on display to the EU’s most notable deposit of heavy rare earth metals zirconium, hafnium and niobium in Sweden. Three years ago, Canadian company Leading Edge Materials presented a plan to the Swedish Mining Inspectorate for an open cast pit development of the Norra Kärr rare earth element deposit located in Jönköping County. Mark Saxon, interim company CEO stated, “Norra Kärr is a strategic project that has a unique ability to dramatically reduce European reliance on China for critical raw materials.”

    However, the company’s plan was vigorously opposed by environmental campaigners at the time. They now appear to have had some success when a subsequent ruling by the Supreme Administrative Court of Sweden ruled that a Natura 2000 permit was required, prior to the evaluation of the mining lease. Natura 2000 is a network of nature protection areas in the territory of the EU. The project is now in limbo and the company
    carrying out maintenance activities to protect its tenure over the project. With the mining lease application valid until August 2026, the dispute could continue for a number of years.

    The opposition by local activists to mining projects is creating something of a dilemma for the EU’s goal of increasing its raw materials self sufficiency. A similar dilemma is being faced by the energy industry. The lesson that is having to be hard learned by that industry is there is quite often a ‘disconnect’ between the need for more renewable energy and opposition at the local level to the building of any new wind and solar farms.

    How the metals mining sector squares this sort of circle is uncertain. But if European industry is to wean itself off Russian and Chinese metals then a solution needs to be found, and quickly.

 
watchlist Created with Sketch. Add EUR (ASX) to my watchlist
(20min delay)
Last
4.7¢
Change
-0.001(2.08%)
Mkt cap ! $65.71M
Open High Low Value Volume
4.7¢ 4.9¢ 4.7¢ $35.56K 751.5K

Buyers (Bids)

No. Vol. Price($)
1 490 4.7¢
 

Sellers (Offers)

Price($) Vol. No.
4.8¢ 12500 1
View Market Depth
Last trade - 16.10pm 26/07/2024 (20 minute delay) ?
EUR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.