RE: Further wider reporting11 Nov 2021 09:27
Google translate...you’re welcome!
Swedish company looking for a partner in the lithium sector. Portugal 'under an eye'
By Press Review 09:11, 10 Nov 2021
“Swedish Northvolt, which wants to assert itself as one of the main European manufacturers of batteries for electric vehicles, is looking for partners in the lithium industry, and sees excellent potential in Portugal”, said Jornal de Negócios this Wednesday.
The revelation was advanced by the head of the company's environmental department to the Cofina group's economic publication.
This news comes three months after another great lithium player defended that Portugal could be a leader in the sector.
David Archer, CEO of Savannah Resources – a British company listed on the London Stock Exchange, dedicated to prospecting and developing mining assets, mother of the Portuguese subsidiary Savannah Lithium, responsible for the Lithium mining project at Mina do Barroso, in Trás- os-Montes, gave an interview to Dinheiro Vivo, where he spoke about the goals of his company and the sector in which it operates, for the country.
While still waiting for the “green light” from the Portuguese Environment Agency (APA), Archer hopes that the Barroso Mine will be fully operational “by 2024”. The project will cost around 150 million euros.
For the CEO, the possible approval of the APA “will be an important message to the international mining community that there are mining opportunities in Portugal and that our facilities become the precursors of an innovative mining model, with regard to the concern with responsible exploration and sustainable in Europe”.
Archer assured Dinheiro Vivo that “our investment could even boost the development of factories of European electric vehicle manufacturers in Portugal” and admits that “Portugal may be at the forefront of lithium production for Europe”.
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