The Czech Ministry of Industry and Australia's European Metals Holdings have signed a memorandum of understanding on a deal that would give the Australian company the right to mine lithium in Europe’s biggest known deposit in the north-western part of the Czech Republic. The main condition of the agreement is that the lithium mined should be processed in the Czech Republic.
Lithium extracted in the Czech Republic near the German border at Cínovec
should be processed in the country according to an agreement between the
ministry of industry and the Australian mining company, European Metals
Holdings. Mining should begin in 2022 the agreement continues.
European Metals says it is prepared to continue talks with the government about the precise processing and uses of lithium.
Lithium is used in batteries and is a key component for electric cars and other uses. The Czech Republic is reckoned to have around 3 percent of the world’s reserves.
Škoda Auto’s mid-range Octavia model was the third most popular model
sold in Europe in August.
It is the first time that a Škoda model has appeared in the top three of the most popular European models. In July, it was the fourth most popular model.
Registrations of new cars in Europe rose by 5.4 percent in August. Volkswagen’s Golf was the most popular model in Europe followed by Renault’s Clio. Octavia sales totalled 15,857 sales during the month.
Traditional Czech ‘rum’ known as ‘tuzemák’ contains a carcinogenic
ingredient, a report by the European Food Safety Authority has suggested.
According to their analysis, the aroma in the alcoholic beverage contains
carcinogen which can be harmful to consumers’ health.
Agriculture Minister Marián Jurečka said that if the ingredient is banned by Brussels, the Czech Republic will be asking for an exemption so that the use can be continued.
Tuzemák, which is produced from sugar beet spirit, had to be renamed after EU regulations stipulated that only spirits distilled from sugar-cane can be called rum.
Lithium mining in Krušné Mountains could lead to more than 1,000 jobs,
say representatives of the town of Cínovec in the Teplice area, where
mining is planned.
Investments of around 10 billion crowns are expected and Cínovecká deponie, a company controlled by Czech billionaire Karel Janeček’s investment fund RSJ Investments, possesses all the necessary permits needed to mine the resource in Cínovec.
Lithium is one of the raw materials used for making batteries for electric cars and other applications for renewable energy. High demand and soaring prices could help make the Czech Republic one of the main producers of the metal worldwide.
Deputy Trade Minister Karel Novotný from the Social Democratic Party has
apologized for an anti-Romany statement he posted on Facebook. The deputy
compared Romanies to jellyfish, saying they were troublesome and useless.
Trade Minister Jiří Havlíček promptly distanced himself from the statement, saying it was totally unacceptable. Havlíček is to lose his quarterly bonuses as a result of the incident.