On Friday, mining stocks were among the biggest risers on the Paris Bourse, following the presentation by Bercy of a bill to simplify and accelerate mining procedures in France.
At 3:20 pm, Imerys was up around 3%, one of the biggest risers on the SBF 120 index, closely followed by Eramet, which gained over 2%.
This morning, the French Ministry of the Economy unveiled a series of measures designed to facilitate mining procedures, in particular with a view to supporting projects that are important from the point of view of energy transition or strategic security of supply.
In a press release, Bruno Le Maire, the French Minister of the Economy, and Roland Lescure, the French Minister of Industry, point out that the French subsoil abounds in many basic resources such as lithium and copper, but that these are still little exploited, not least because of the lengthy procedures involved.
Lithium is used in the manufacture of electric batteries, while copper is used in power grids, wind turbines and photovoltaic panels.
Bercy - which claims to be aiming for a genuine 'mining revival' - intends in particular to halve the time required to appraise research permits for geothermal energy, mining substances and CO2 storage to six-nine months, compared with 16 to 18 months today.
The bill will also open up the possibility of transforming and transferring liquid or gaseous hydrocarbon wells for underground CO2 storage.
Bruno Le Maire and Roland Lescure also plan to organize a major event dedicated to underground resources for the energy transition, to be held before the end of the year.
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As a world leader in mineral specialties for the industry, Imerys offers high-added-value business solutions for a wide range of sectors, from process industries to consumer goods or construction products. The group actively mobilizes its knowledge of applications, technological expertise and materials science know how to provide high-end solutions that value its mineral resources, develop formulations or produce synthetic minerals. All these actions bring about essential properties to its customers' products and their performance such as refractoriness, toughness, conductivity, opacity, durability, purity, lightness, filtration, absorption, or hydrophobicity. Imerys is strongly committed to responsible developmentin particular, to contribute to the development of environmentally friendly products and processes. The activity is organized around 2 areas:
- Performance Minerals: the segment brings together three geographical business areas - Europe, Middle East and Africa (EMEA), America and Asia/Pacific (APAC). This segment encompasses functional additives that give unique properties to the products they compose. It serves the plastics, rubber, paint and coatings, filtration, ceramic materials, renewable energy, paper and cardboard, food, health and cosmetic industries;
- Materials and High Temperature Solutions: the segment, managed globally, brings together two business areas - High Temperature Solutions and Refractories, Abrasives & Construction. This segment facilitates production processes involving high temperatures. It serves the refractory, foundry, metals, abrasives and building chemicals markets.
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