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Business|Mining|Technology|Environmental
business|mining|technology|environmental

Mercedes-Benz is 'able and willing' to invest capital in mining - CEO

30th March 2023

By: Reuters

  

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Mercedes-Benz is willing to allocate capital to support or ramp up a mining business, CEO Ola Kaellenius said on Thursday at the carmaker's annual environmental, social and governance conference.

"We have fundamentally made the decision that if a deep sourcing opportunity presents itself down to the mine, we are able and willing to allocate capital to that," Kaellenius said.

The company had opened up a raw materials office in Canada to further discussions in the region on sourcing raw materials following the signature of a battery material cooperation agreement with the Canadian government last year, chief technology officer Markus Schaefer added.

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Edited by Reuters

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