Wants Norway to look into state-owned mineral company

Hilde-Gunn Bye
critical minerals mineral production norway

The Norwegian Parliament's Committee on Business and Industry proposes that the government investigate the possibilities for a state-owned mineral company.

E24 writes that the red-green parties are asking the government to investigate a state-owned mineral company or fund for more control over Norway's mineral resources. However, there are different views on a state-owned mineral company or fund, says mineral policy spokesperson for the Labor Party, Tobias Hangaard Linge, to the newspaper.

He also highlights China's dominance in the mineral extraction and value chain today.

"We are in a situation where China dominates both the processing and extraction of some of the most critical minerals we need, both in green industry, in the technology we deal with, but also in the defense industry. Then Europe and Norway must take more responsibility for access to the important minerals," he says.

"This is a clear and important signal that Norway should take a more active role in the development of critical minerals. It is important to accelerate the development of Norwegian mineral projects, says Secretary Frode Engen in a press release from the Norwegian Confederation of Trade Unions – LO Norway.

"LO has been clear that we believe the state must contribute more. Both to realize projects and ensure the best possible utilization of resources. With this, the business committee delivers," says Engen.

The matter is scheduled to be discussed in the Norwegian Parliament on June 2.

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