Finland tightens mining law as demand for minerals surges legislativeenvironment mininglaw criticalminerals batteryminerals Finland
Finland’s Parliament passed an overhaul of its mining law to better protect the environment and safeguard national production of minerals amid surging demand.
The new bill, approved on Monday, gives greater control to local residents in permissioning of new mining areas, aims to increase sustainability in the industry and evens the playing field for companies. Stricter regulation and higher fees are expected to help weed out unreliable operators and benefit those who comply with the rules, the government has estimated.
The need to reform the law arose as Finland has to ensure it can produce minerals needed when societies electrify, as well as to improve the level of environmental protections,, head of the commerce committee at the legislature, said in a debate in parliament. The mining industry is also vital for security of supply of raw materials, she added.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Blinken urges speedy accession of Sweden, Finland to NATO during Turkey visitU.S. Secretary of State supports Nordic country’s joining alliance as Turkey opposes Swedish accession
Read more »
Tether tightens grip on wobbling world of stablecoinsSeismic shifts may be afoot in the US$137-billion market
Read more »
Canadian company in race to mine ocean floor unmoved by Ottawa's ban on seabed miningVancouver\u002Dbased The Metals Co. is on track to become the world\u0027s first deep\u002Dsea miner but there remain hurdles to overcome. Read on.
Read more »
General Motors Digs Into Mining Business to Lead Race for EV MetalsGeneral Motors is trying to speed ahead in the race for metals underpinning the industry’s shift to electric cars. The US automaker is competing for a stake in Vale’s base metals unit, people familiar with the matter said this month. A deal may give GM access to the Brazilian mining giant’s copper and nickel resources that are key to making EV batteries.
Read more »
Gold miner Northern Star increases half-year cash earnings by 3% to ~US$323 millionA roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.
Read more »
Gold producer Mineros' net profit down 90% in 2022 on impairment chargesA roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.
Read more »