Thursday, February 09, 2012

 
 
 

 
 
 
 
 
This tiny new company could supply 25% of the world's rare earth demand
Advertisement
Wednesday, November 11, 2009
Text Size: increase text size decrease text size

From MineWeb:

Greenland Minerals and Energy, with access to what it says are probably the world's largest deposits of rare earth metals and uranium plans to list in London next year, the company told Reuters on Tuesday.

..."Uranium will pay for all infrastructure and costs of mining at the site and allow for the production of the rare earths and zinc at a negative cost,"McIllree said.

"This mine has the potential to supply around 25%of the world's demand for rare earths. This would see Kvanefjeld emerge as the world's single largest producer of rare earths outside China."

Read full article...

More on commodities:

The only "green" energy that's actually profitable

How the world's best trading firm is playing commodities

Must Read: Why the heavyweights of Wall Street are buying gold

Topics: Commodities
Facebook RSS Feed

 
©2012 Stansberry & Associates Investment Research. All Rights Reserved. Protected by copyright laws of the United States and international treaties. This website may only be used pursuant to the subscription agreement and any reproduction, copying, or redistribution (electronic or otherwise, including on the world wide web), in whole or in part, is strictly prohibited without the express written permission of Stansberry & Associates Investment Research, LLC. 1217 Saint Paul Street, Baltimore MD 21202.