(CercleFinance.com) – Mining stocks appeared on Friday among the leaders in the strongest increases on the Paris Stock Exchange following the presentation by Bercy of a bill aimed at simplifying and accelerating mining procedures in France.
Around 4:30 p.m., Eramet increased by 1.7%, ahead of the specialist in the valorization of industrial minerals Imerys, which for its part gained more than 2.5%.
The Ministry of the Economy unveiled this morning a whole series of measures aimed at facilitating mining procedures, in particular with a view to supporting important projects from the point of view of energy transition or strategic security of supply.
In a press release, Bruno Le Maire, the Minister of the Economy, and Roland Lescure, the Minister of Industry, argue that the French subsoil is full of many basic resources such as lithium and copper, but that those -these are still little exploited, in particular due to the length of the procedures.
Lithium is used in the manufacture of electric batteries, while copper is used in electricity networks, wind turbines and photovoltaic panels.
Bercy – which declares that it is aiming for a real ‘mining renewal’ – intends in particular to halve the processing time for research permits in geothermal energy, mining substances and CO2 storage to six-nine months, compared to 16 to 18 months today ‘today.
The bill will also open up the possibility of transforming and selling liquid or gaseous hydrocarbon wells for underground CO2 storage.
Bruno Le Maire and Roland Lescure also plan to organize, between now and the end of the year, a major event dedicated to underground resources for the energy transition.
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