FAME initiative looks to create European mining and processing renaissance
Published: Tuesday, 03 March 2015
The €7.4m initiative will fund research and development into more flexibile, mobile and green technology for the European mining industry, which UK consultants Wardell Armstrong International say, has lost its competitive edge. With rising costs and declining ore grades, an increasing number of companies are likely to look to innovation as a cost cutting strategy.
The European Commission has launched a €7.4m ($8.3m)
initiative for the development of more flexible and
environmentally friendly processing technology for the European
Known as FAME, the initiative – led by UK
consultants Wardell Armstrong International – will be
funded by the EC and is part...