TIDMSAV
RNS Number : 9220J
Savannah Resources PLC
16 December 2022
16 December 2022
Savannah Resources Plc
(AIM: SAV, FWB: SAV and SWB: SAV) ('Savannah', or the
'Company')
Membership of Euromines
"Sustainable Mining in Europe - Sustainable Mining for
Europe"
Savannah Resources, the European lithium development company, is
pleased to announce that it has been approved as a corporate member
of the European Association of Mining, Metal Ores & Industrial
Minerals ('Euromines', the 'Association'), the highly regarded
representative of the European metals and minerals mining
industry.
Highlights
-- Euromines promotes the industry and represents an interface
between the European mineral raw materials industry and the
European authorities and international or intergovernmental
bodies
-- Euromines provides a conduit for constructive dialogue with
governmental institutions in order to ensure early consultation in
all those areas of EU policy and legislation affecting the
industry, and to asserting the industry's views and positions
-- The Association also fosters contacts with the mining
community throughout the world and is a member of the International
Council on Mining & Metals and actively participates in its
work programme
-- Euromines currently represents around 20 large and small
companies and subsidiaries in Europe and in other parts of the
world, as well as 19 national mining federations
-- Euromines' members provide jobs to more than 350,000 people
and produce more than 42 different metals and minerals
-- Euromines supports the Paris Agreement and the EU climate
target of net-zero emissions by 2050. Its members are engaged to
secure a sustainable and verifiable supply of raw materials and
champion the EU principles for sustainable raw materials supply
Dale Ferguson, CEO of Savannah Resources said, "We are delighted
to have become a member of Euromines, which plays an important role
in promoting the European mining industry to all levels of national
and regional government and in building recognition of the mining
industry's indispensable contribution to modern society with all
stakeholders. The Association includes some of the largest European
and global mining companies among its membership including
Agnico-Eagle, Anglo American, Boliden AB, LKAB Group and Rio Tinto.
Savannah is aligned with Euromines' values and we look forward to
taking an active role in Euromines' input into future European
policies including the Critical Raw Materials Act. Through our
membership and association with a number of national and
international industry bodies including, EIT Raw Materials, EIT
InnoEnergy, the European Battery Alliance, and now Euromines,
Savannah is well supported in its efforts to progress the Barroso
Lithium Project, and is part of a European-wide industry dedicated
to the responsible development of the raw material supply base that
Europe needs for the energy transition."
Rolf Kuby, Director General of Euromines said, "We are pleased
to welcome Savannah as our latest member. We now look forward to
supporting the Company in its efforts to develop it lithium raw
material project in Portugal, and in the Company playing an active
role in our own engagement with the European authorities around
mining-related policy matters."
On his recent appointment as the new President of Euromines, Jan
Moström said, "Europe is at a crossroads and needs to urgently take
the right decisions. Shall we continue to outsource raw materials
production for the clean and digital transition and raise
environmental pressure in other parts of the world? Or shall Europe
produce them responsibly? The European mining industry is always
prepared to contribute to the supply of sustainable raw materials.
We are therefore looking forward to next year, when the EU will
define fundamental legislation in the forthcoming Critical Raw
Materials Act that will shape the future of our industry."
Background information:
About Euromines
Headquartered in Brussels, Euromines is the recognised
representative of the European metals and minerals mining industry.
The Association's main objective is to promote the industry and to
maintain its relations with European institutions at all levels.
Euromines provides services to its members with regard to EU policy
and serves as a network for cooperation and for the exchange of
information throughout the sector within Europe. Euromines provides
a formal platform in which the members evaluate the impact of
European and International policies and legislation on the industry
and define common positions and actions. The Association also
fosters contacts with the mining community throughout the
world.
Euromines represents large and small companies and subsidiaries
in Europe and in other parts of the world which provide jobs to
more than 350,000 people. Through the activities and operations of
these members, more than 42 different metals and minerals are
produced. For some metals and minerals, Europe is the world's
leading producer.
Euromines' Vision for European mining industry
Euromines represents a responsible mining industry providing
economic, social, and environmental assets essential to society's
sustainable development. The European mining industry plays a
crucial role in the EU's ability to nurture sustainable growth
including access to and supply of raw materials, providing over 30
million jobs and playing a key role in the development of modern
environmentally friendly technologies.
Euromines' Mission
-- Euromines' mission is to promote a sustainable and prosperous
European mining industry through operational excellence
-- In collaboration with partners, build the recognition of the
mining industry's indispensable contribution to modern society
-- Serve as a network for cooperation and for the exchange of
information throughout the sector within Europe
-- Foster contacts with the mining community throughout Europe
and the world where appropriate in order to achieve its
objectives
Euromines Members endorse:
Climate protection:
-- Support the EU Green Deal goals by collaborating towards
carbon-neutral processes and products by 2050
-- Work towards decarbonisation of materials through efficient
transformation based on lifecycle-assessments
Biodiversity & environmental protection:
-- Minimising impacts on the environment
-- Minimising pollution to water, air and soil
-- Modern biodiversity management with the objective to
optimally contribute to biodiversity from a regional
perspective
-- Responsible tailings and hazardous waste management
-- Responsible rehabilitation of mining sites
Social responsibility:
-- Work in a committed way with health and safety to minimise
fatalities and accidents according to "Vision Zero"
-- Respect human rights and labour standards
-- Promote diversity in our companies
-- Contribute to the positive development of host communities
-- Due and proper consideration of local communities
-- Apply responsible supply chain management
Further information can be found at https://euromines.org/
Regulatory Information
This Announcement contains inside information for the purposes
of the UK version of the market abuse regulation (EU No. 596/2014)
as it forms part of United Kingdom domestic law by virtue of the
European Union (Withdrawal) Act 2018 ("UK MAR").
Savannah - Enabling Europe's energy transition.
**ENDS**
Follow @SavannahRes on Twitter
Follow Savannah Resources on LinkedIn
For further information please visit www.savannahresources.com
or contact:
Savannah Resources PLC Tel: +44 20 7117 2489
Dale Ferguson, CEO
SP Angel Corporate Finance LLP Tel: +44 20 3470 0470
(Nominated Advisor & Joint Broker)
David Hignell/ Charlie Bouverat (Corporate
Finance)
Grant Barker/Abigail Wayne (Sales & Broking)
Tel: +44 (0) 20 7653 4000
RBC Capital Markets (Joint Broker)
Farid Dadashev/ Jamil Miah
Camarco (Financial PR) Tel: +44 20 3757 4980
Gordon Poole/ Emily Hall
About Savannah
Savannah is the owner of the Barroso Lithium Project, located
close to key infrastructure in Northern Portugal which contains the
most significant spodumene lithium resource in Western Europe.
Following a positive Scoping Study which outlined a conventional
operation producing 175,000t of spodumene concentrate per annum,
Savannah is progressing the development and environmental licencing
of the Barroso Lithium Project.
The Company is listed and regulated on AIM and the Company's
ordinary shares are also available on the Quotation Board of the
Frankfurt Stock Exchange (FWB) under the symbol FWB: SAV, and the
Börse Stuttgart (SWB) under the ticker "SAV".
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END
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