Anglo American PLC has signed a memorandum of understanding (MOU) with Finnish Minerals Group to explore opportunities to support Finland's battery strategy. The collaboration aims to maximize the value of Finnish minerals responsibly and explore the wealth of opportunities that the agreement could offer. This partnership further strengthens Anglo American's commitment to Finland and its Sakatti project, aligning with Finland's and the EU's critical minerals priorities. Finland is positioned as a stable and secure source of metals and minerals needed for the world's decarbonization efforts.
Alison Atkinson, Projects & Development Director at Anglo American, expressed excitement about working with Finnish Minerals Group, highlighting Finland's attractiveness as an investment destination and its strong heritage in mining and innovation. The Sakatti project is designed as the next generation of FutureSmart Mining™, focusing on minimal surface footprint and using technology and innovation to deliver better environmental and social outcomes.
Jani Kiuru, Senior Vice President, Raw Materials at Finnish Minerals Group, emphasized that the collaboration with Anglo American reinforces both parties by combining local and global know-how in sustainability and technological development. Finnish Minerals Group, as a Finnish state-owned company, is a natural potential partner for Anglo American in Finland, with assets including Terrafame, project Sokli, and a 20% interest in Keliber, among others.
The collaboration is significant as an increasing number of countries prioritize sustainable access to responsibly sourced critical raw materials. Finland's investment across the entire battery value chain, from mineral extraction to recycling, positions it well in terms of natural resources and commitment to the green transition. The partnership between Anglo American and Finnish Minerals Group is poised to leverage local and global expertise to maximize the value of Finnish minerals responsibly.
Anglo American is a leading global mining company committed to being carbon neutral across its operations by 2040. The company's Sustainable Mining Plan aims to ensure a healthy environment, thriving communities, and building trust as a corporate leader. With a focus on re-imagining mining to improve people's lives, Anglo American is dedicated to unlocking enduring value from natural resources for the benefit of communities, countries, and shareholders.