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Euro Manganese receives key environmental ruling for Chvaletice Manganese Project

The Natura 2000 ruling follows the approval of investment incentives for the project by the Czech Government.

Euro Manganese Inc - Euro Manganese receives key environmental ruling for Chvaletice Manganese Project
EMN stands to become Europe’s only primary producer of high-purity manganese products

Euro Manganese Inc (ASX:EMN) (CVE:EMN) has received a key environmental ruling under the European Union’s Natura 2000 system for its proposed Chvaletice Manganese Project in the Czech Republic.

The ruling under the Natura 2000 system of reserves and protected areas determined the project is not expected to cause adverse impacts on valuable and threatened species habitat.

This project will recycle historic mine tailings that host Europe’s largest manganese deposit and will result in environmental remediation of the site.

EMN’s Czech subsidiary Mangan Chvaletice managing director Jan Votava said the project was ideally situated for the development of this strategic waste recycling initiative.

He said: “The determination under Natura 2000 makes this clear.

“We are meticulously designing this project to adhere to the highest international environmental and social standards, so that the Czech Republic, local communities and our customers can be assured of best-in-class environmental planning and performance behind our high-purity manganese products.”

The company’s application for a ruling was made under the provisions of the Czech Republic’s Nature and Landscape Protection Act.

Natura 2000

The determination was issued by the Pardubice Region Authority, which is responsible for the management of the project’s environmental impact assessment and the administration of numerous Czech and European environmental laws, regulation and standards that govern the project’s permitting and implementation.

These include those that relate to Natura 2000 and Czech laws that govern the protection of endangered species and habitats.

Natura 2000 is a network of protected areas established by all EU Member States under uniform principles and stretched across all 27 EU countries both on land and at sea.

It’s an ecological network of core breeding and resting sites for rare and threatened species and some rare natural habitat types which are protected in their own right.

The aim of the network is to ensure the long-term survival of Europe's most valuable and threatened species and habitats.

Czech Government incentives

The environmental ruling follows the approval of investment incentives for the project by the Czech Republic’s Ministry of Industry and Trade, in the form of tax credits amounting to CZK 470.3 million (around CAD$27 million).

These tax credits would be over and above the normal tax depreciation on such eligible assets and would be applied toward Czech corporate income taxes otherwise payable by Mangan Chvaletice on earnings generated by the project.

Project background

Feasibility study test work for the Chvaletice Manganese Project has been underway since October 2019 with magnetic separation test results verifying those previously reported in the preliminary economic assessment with results of about 85% total manganese recovery and a 15% total manganese.

Euro Manganese’s goal is to be the preferred European supplier of ultrahigh-purity manganese products for the lithium-ion battery industry with secondary markets that include producers of specialty steel, high-technology chemicals and aluminium alloys.

Quick facts: Euro Manganese Inc

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