The deposit is a significant building block for producing the critical raw materials that are crucial to enable the green transition.
in the mine. We need to strengthen industrial value chains in Europe and create real opportunities for the electrification of our societies. Politics must give the industry the conditions to switch to green and fossil-free production. Here, the Swedish mining industry has a lot to offer. The need for minerals to carry out the transition is great," said Minister for Energy, Business, and Industry, Ebba Busch.The deposit, Per Geijer, is close to existing operations in Kiruna.
"We are already investing heavily to move forward, and we expect that it will take several years to investigate the deposit and the conditions for profitably and sustainably mining it. We are humbled by the challenges surrounding land use and the impacts that exist to develop this into a mine, and that will need to be analyzed to see how to avoid, minimize and compensate for it.
Jan Moström added that it could take at least 10-15 years before the company can begin mining and delivering raw materials to the market.
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