Austria has a history of mining and currently has an active resource sector. There is strong regional and government support for domestic mining activity, which provides a solid environment for investment and development. The Montanuniversitat Leoben specialising in the resource sector was founded in 1840 and currently has 3,000 students.
- The competent authority for all forms of mineral raw material mining including prospecting and exploring (except open-cast mining of grundeigene mineral raw materials) is the Federal Ministry of Economic Affairs and Labour (Mining Authority)
- European Lithium’s mining activities are dependent upon the continuation of the Mining Licences, which require annual performance of mining works. In January 2014, a suspension from this requirement was obtained from the Austrian Mining Authority for the years 2014 and 2015 in order to undertake technical studies
- An application to the Mining Authority to extend the suspension will be made to allow sufficient time to complete DFS, permitting and project construction
More information about the Austrian Mining Authority is available on the Federal Ministry’s website http://www.en.bmwfw.gv.at/Seiten/default.aspx