Imerys: share shines as supported by a bill

(CercleFinance.com) - On Friday, mining stocks were in demand in Paris, following the presentation by the finance ministry in 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.

Bruno Le Maire, the French Minister of the Economy, and Roland Lescure, the French Minister of Industry, point out that the French subsoil is rich 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' - notably intends 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 by the end of the year.


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