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FAME initiative looks to create European mining and processing renaissance

By Kasia Patel
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 mining industry.

Known as FAME, the initiative – led by UK consultants Wardell Armstrong International – will be funded by the EC and is part...

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