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Mercedes-Benz is "Able and Willing" to Invest Capital in Mining - CEO (Reuters)



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The article below is sourced from Reuters Wire Service. The views and opinions expressed in this story are those of the Reuters Wire Service and do not necessarily reflect the official policy or position of NADA.

Mercedes-Benz is willing to allocate capital to support or ramp up a mining business, Chief Executive 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.

(Reporting by Victoria Waldersee, Editing by Friederike Heine)

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