Minerals and metals are essential to the green transition. Electric vehicles, wind turbines, batteries and solar panels all rely on large volumes of raw materials – and demand is growing rapidly. Norway holds significant deposits of both industrial minerals and critical metals that can help secure Europe’s access to these resources, while also creating new opportunities for value creation domestically.
Current status and developments in Norway
Norway has a long history of mining, but the need for sustainable extraction and a clearer legal framework has brought mineral activities into focus as part of the green shift. In June 2023, the Norwegian government launched its national mineral strategy, affirming that Norway is to become a stable and sustainable supplier of raw materials to the green transition. At the same time, efforts are under way to modernise the legal framework through a new Minerals Act.
To enable sustainable mineral extraction, the processes for exploration, permitting and operations must become more predictable. The government aims to accelerate the development of Norwegian mineral projects, and developments are being closely followed both nationally and in cooperation with the EU – particularly through the EU’s Critical Raw Materials Act, which is now in force.
Where do things stand today?
Activity is under way both onshore and offshore. The Directorate of Mining is responsible for awarding rights and monitoring operations, and several projects are in early stages. On the Norwegian Continental Shelf, the government has also opened for exploration of seabed mineral resources, with the potential to extract rare earth elements and other critical minerals. At the same time, there is an ongoing public debate on how such extraction can take place in a way that respects the environment, biodiversity, and Indigenous rights.
What will it take to succeed?
Mineral extraction in Norway must strike a balance between environmental and societal considerations and the need for supply security. This will require a clear legal framework, sustainable technologies, and strong dialogue with local communities, industry and international stakeholders.
The proposed new Minerals Act seeks to modernise and improve coordination of permitting processes, with the goal of ensuring greater predictability for both authorities and the industry.
In the longer term, success will depend on establishing well-functioning and responsible value chains from extraction to processing, and on securing access to capital and expertise.
Our work
Thommessen has extensive experience supporting companies in the development of large-scale industrial and infrastructure projects. Within the mineral sector, we assist at every stage of the value chain – from clarifying rights and engaging with authorities to contracts, financing, and environmental and resource management.
We closely monitor legal and political developments – both in Norway and in the EU – and help clients navigate this complex landscape.
