Imerys Bauxites’ operations will merge with Mytilineos’ wholly-owned subsidiary, Delphi Distomon, as part of the Metallurgy Sector’s ongoing vertical integration. This move establishes the largest bauxite producer in Europe, significantly increasing the production capacity to 1.2 million tons annually – a European record and one of the largest globally. This strategic merger ensures a stable, long-term bauxite supply for the historic Aluminium of Greece plant.
With Mytilineos’ planned acquisition and investment, the production of gallium is assured to meet European demand. Discussions with the European Commission are already underway, as Mytilineos initiates a pilot project to evaluate the most efficient gallium extraction method, targeting an annual production of 40-45 metric tons.
The newly formed entity resulting from the merger will directly employ 500 highly skilled and experienced personnel in the mining and administration sector, establishing it as the largest mining complex in the country in terms of direct and indirect employment value. This development will further stimulate economic activity in Fokida.
It is noteworthy that the acquisition encompasses all bauxite mining activities in the Fokida area, now integrated into Mytilineos’ M Metals. [AMNA]
Source: Ekathimerini.com
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