ELKEM WKN: A2JGEL ISIN: NO0010816093 Kürzel: ELK Forum: Aktien Thema: Hauptdiskussion

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Elkem has reached an agreement with reindeer grazing district 7 (Rákkonjárga) which enables the expansion of Elkem’s mining operations in Tana, Norway, one of the world’s largest quartzite mines and a key source of raw materials for the green transition. The expansion of this mine enables a future increase of reserves for Elkem of approximately 15 years. The two parties have reached an agreement after demanding negotiations. Elkem can now begin to expand its operational area. The parties have also agreed on mitigating measures to ensure coexistence and a sustainable future development of both parties’ activities. “We are pleased to have reached an agreement with Rákkonjárga. Through this agreement, we demonstrate that it is possible to further develop the sustainable production of advanced materials for the green transition, through agreements with other stakeholders. This agreement has been achieved through a close and thorough dialogue, which we will also maintain going forward,” says Elkem’s CEO, Helge Aasen. “We have experienced the negotiations as very demanding. We are giving away parts of our area which we would prefer to keep. This agreement shows that we are willing to make compromises when we can, but that this is always demanding. There will also be cases where we cannot accept an agreement in order to protect our reindeer herding activities for the future,” says the head of Rákkonjárga, Magne Andersen. Elkem has been operating the Tana mine since 1983. It currently provides around 50 local jobs, enabling an annual production capacity of approximately 1 million tonnes (mt) of quartzite per year. Elkem’s mining operations in Tana supply quartzite to Elkem and other industrial users for the production of silicon-, aluminum- and ferrosilicon alloys. These are critical raw materials to manufacture a wide range of products which are necessary for the digital and green transitions, such as cell phones and electric vehicles.

Fire at Elkem Salten A fire broke out this afternoon at Elkem’s silicon plant in Salten, Norway, and emergency services have been mobilised. Four individuals have been transported to the local health services. Their conditions are not critical. The fire is still ongoing, but under control. “Health, safety and the environment are our first priorities. All personnel are now accounted for, and we are following up the four colleagues who have been sent to the local health services for check-ups. In addition, we have halted all production and are doing our utmost to assist the emergency services,” says Ove Sørdahl, plant manager for Elkem Salten. The fire is reported to have started in a building which is housing raw materials, including carbon materials. Some of these are highly flammable. Elkem Salten is located in Straumen, in the Sørfold municipality in Nordland county in the north of Norway. It is one of the world’s largest and most modern silicon plants exporting silicon and silica fume products worldwide. The plant has around 200 employees. With its three furnaces, the plant has an annual production capacity of 128,000 mt, of which silicon capacity is 80,000. “We are still at an early stage and it is too soon to be precise on any long-term impacts on production or physical assets. Health, safety and the environment must come first. That said, all production is currently halted. We will come back with additional updates once we have more information on the totality of the situation,” says Sørdahl.

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