Italy's Prime minister Giorgia Meloni attends a plenary session during the Summit on peace in Ukraine, at the luxury Burgenstock resort, near Lucerne, on June 16, 2024. The two-day gathering brings together the Ukrainian President and more than 50 other heads of state and government, to try to work out a way towards a peace process for Ukraine -- albeit without Russia.
The act dictates that the bloc must meet 10 percent of its demand for mining and extraction of raw materials through production on its own territory, while 15 percent of its annual consumption of each critical raw material should come from recycling. Companies with mining concessions will have to pay up to seven percent in royalties to the government or regional authorities.
The agency has until May 2025 to provide an up to date minerals map. Satellites and drones would be used in some cases to detect minerals deep underground, Urso said.
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