Brussels, 12 November 2014
The Minerals4EU Project was presented at the Stakeholders Engagement event on Tuesday 11th November 2014, at the offices of the worldwide leading accounting network Grant Thornton UK LLP. The event, aimed at engaging with stakeholders at all stages to steer future project developments, has seen a fruitful private-public debate in the context of exploiting the EU minerals rich endowment. The project, which is designed to meet the recommendations of the EU Raw Materials Initiative (RMI), will produce the most comprehensive and official European Minerals Yearbook as well as a foresight study on raw material supply and demand in Europe.
The event was attended by senior professionals of major companies involved with the mining sector. Investors, brokers, financial officers and advisors discussed with high level representatives of EU Institutions and the project scientific staff. Mattia Pellegrini, Head of Unit for Raw Materials, Metals, Minerals and Forest-based Industries at the DG Enterprise of the European Commission, explained that harmonizing data and information from different EU sources in a Raw Materials Knowledge Base is fundamental to fulfil the RMI’s 3 pillars: access to raw materials from global markets, sustainable supply of raw materials within the EU, boosting resource efficiency and promoting recycling. The benefits and opportunities for the stakeholders of the Minerals4EU project were also highlighted. In particular, each client can potentially assess the quality of the data, agree the pricing structure and influence the products on offer. Sound and relevant data will reduce risks. The initial data will be available through a web portal, free-of-charge, from next January.
The feedback of the stakeholders has been positive, with many guests openly welcoming the initiative and showing interest towards the market potential demand. Three main points came to light: the need of more communication from EU Institutions on minerals-related projects and policy to encourage a broader debate, the concern of the sustainability of the project in the long-term (several options were debated such as private-public participation and the creation of commercial services), and finally the expectations around the licences issue for which more data would be needed. This aspect is being addressed by the European Commission and further developments are expected.
Notes to Editors:
Further information about the project, including interviews with selected project managers, can be organized by contacting EuroGeoSurveys in Brussels (see contact list below) or David Ovadia, Project Exploitation Manager, who is based in Keyworth, UK.
More information at http://www.minerals4eu.eu/index.php/about
EuroGeoSurveys – web: http://www.eurogeosurveys.org/
Phone: +32 2 888 75 53
Phone: +44 (0) 7796 277 027