Mr. Christos Kavalopoulos

Abstract:

Based on recent studies, the Greek Mining Industry has an important contribution to the Greek Gross Product, providing a competitive advantage for the Greek economy, and supplying raw materials that are key prerequisites for important economic-industrial activities as well as raw materials necessary to the EU economy and international market.

It possesses a remarkable share to the reduction of the dependence of EU economy from imported raw materials and an important role to the country’s exports. The contribution of the Greek Extractive Industry to the employment, especially in the province is a noteworthy fact. 

Some of the ores and minerals produced in Greece are highly ranked at international level. Just to mention some:

Magnesite: larger exporter in Europe

Perlite: 1^st world wide

Bauxite: largest producer in Europe, key for the remarkable national aluminum industry 

Bentonite: 1^st in Europe, 2^nd world wide

Marble: Global leader, famous for its quality 

Concerning the future:

Greek Extractive Industry has the potential to increase its share to the Greek GDP from 3% today to 7%, thanks to the variety of ores and minerals existing in the country and their significant reserves.

Additionally, the existing potential of Critical Raw Materials Act (CRMA) is expected to provide the country with a comparative advantage and economic benefits. As a proof:

• Four (4) CRMs (15% of the CRMA list) and one (1) strategic is in production now
• Four (4) are at the position to be extracted
• Five (5) are in the level of geological research to ensure the receivable deposits (Antimony, copper, gallium, germanium, graphite).

Finally, concerning the green transition, specific exploration research is on progress aiming at the discovery of suitable geological formations to ensure appropriate Carbon Capture Utilization System (CCUS) installation.