Anglo American ( (GB:AAL) ) has issued an announcement.
Anglo American’s Sakatti copper project in Finland has been granted ‘Strategic Project’ status by the European Commission under the EU’s Critical Raw Materials Act. This designation highlights the project’s importance in securing strategic raw materials for the EU, facilitating more efficient permitting processes and predictable development timelines. The Sakatti project is expected to significantly contribute to Europe’s critical minerals supply, producing around 100,000 tonnes of copper equivalent metal annually from the early 2030s. This aligns with the EU’s goal to increase its production of critical minerals and supports the decarbonisation of energy and transport systems. Located in Finnish Lapland, the Sakatti project is part of Anglo American’s strategy to develop FutureSmart mines, focusing on responsible, low-carbon operations.
More about Anglo American
Anglo American is a leading global mining company focused on the responsible production of copper, premium iron ore, and crop nutrients. These products are essential for decarbonising the global economy, improving living standards, and ensuring food security. The company is committed to sustainability and innovation, driving value across its operations and contributing to a healthy environment and thriving communities.
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