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Summary sheet

Release date
5 March 2024
Status
Reference
Under appraisal | 22/11/2023
20220372
Project name
Promoter - financial intermediary
CHVALETICE MANGANESE DEPOSIT AND PRODUCTION
EURO MANGANESE INC
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
not disclosed
not disclosed
Location
Sector(s)
Description
Objectives

The project entails the construction of a first-of-a-kind commercial scale recycling plant to reprocess of fine-grained tailings material from a decommissioned mine, to produce high-purity battery grade manganese.

The European Commission has identified both battery-grade manganese and manganese as 'Strategic Raw Material' and "Critical Raw Material", being highly relevant not only for the green and digital transitions, but also for the strategic technologies and sectors. In this context, the project represents an important circular economy based source of high purity manganese and will supply the battery value chain with a key raw material that is largely imported, increasing the EU's resilience. The project will also include multiple environmental benefits from the remediation of the historic tailings area, particularly in terms of soil quality and freshwater quality.

Environmental aspects
Procurement

As an installation for the recovery of non-ferrous metals, the project falls under Annex II of the Environmental Impact Assessment (EIA) Directive 2011/92/EU as amended by Directive 2014/52/EU, leaving to the Competent Authority to screen it for an EIA process. In December2020, the project was screened-in for a full EIA Process. The EIA Study was presented in December 2022. The Competent Authority has asked for complementary information in June 2023 to address concerns related to noise impacts, health risks and comments raised during the procedure and to address new legislative requirements coming into force in July 2023. Updated documentation was resubmitted in October 2023 and the EIA Binding Statement is pending.

The promoter has been assessed by the EIB as being a private company not being subject to EU rules on public procurement or concessions. However, if at the project appraisal, the EIB were to conclude that the promoter is subject to the EU public procurement legislation then the Bank would duly inform the Commission Services and would require the promoter to apply those rules.

Milestone
Under appraisal
Link to source

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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