Anglo’s Sakatti copper project allocated ‘strategic’ status by EU
Operation in Finland placed under the Critical Raw Materials Act
25 March 2025 - 18:56
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
The EU has designated Anglo American’s Sakatti copper operation in Finland as a “strategic project” under the Critical Raw Materials Act, a piece of legislation aimed at growing Europe’s domestic supply of the minerals required to decarbonise its energy and transport systems.
Anglo plans to produce 100,000 tonnes of copper equivalent a year from the project, which is set to begin production in the early 2030s. Sakatti will benefit from more efficient processing of permit applications and more predictable development timelines, Anglo said on Tuesday.
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
Anglo’s Sakatti copper project allocated ‘strategic’ status by EU
Operation in Finland placed under the Critical Raw Materials Act
The EU has designated Anglo American’s Sakatti copper operation in Finland as a “strategic project” under the Critical Raw Materials Act, a piece of legislation aimed at growing Europe’s domestic supply of the minerals required to decarbonise its energy and transport systems.
Anglo plans to produce 100,000 tonnes of copper equivalent a year from the project, which is set to begin production in the early 2030s. Sakatti will benefit from more efficient processing of permit applications and more predictable development timelines, Anglo said on Tuesday.
websterj@businesslive.co.za
Amplats sheds Anglo history with new name and leaner executive committee
Copper’s price rally is a windfall for the biggest mining groups listed on the JSE
Rhodium market hits 20-month high on Amplats’ interest
Shares of PGM miners rally after deep platinum deficit forecast
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Most Read
Related Articles
EU rallies behind SA with R94bn amid Trump’s confrontations
SA seeks Trump-proof strategy
Diversification key as Magara takes helm at Exxaro
Orion Minerals posts increase in operating loss for interim period
DRC cobalt mine mothballed by China’s state-controlled MMG
Published by Arena Holdings and distributed with the Financial Mail on the last Thursday of every month except December and January.