Home » Norway: A mining firm experiences the invention of enormous deposits of uncommon earth

Norway: A mining firm experiences the invention of enormous deposits of uncommon earth

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Norway: A mining firm experiences the invention of enormous deposits of uncommon earth

The uncommon earth deposit in southern Norway is the biggest identified to date, in accordance with mining firm Rare Earths Norway. In Europe. The firm mentioned that new investigations have proven that the Fensfelt deposit comprises roughly 8.8 million tonnes of valuable metals.

This will far exceed the Kiruna deposit in Sweden, which at two to 2 million tonnes was beforehand thought-about the biggest deposit in Europe. Rare Earths Norway says it goals to start out mining at Fensfelt from 2030. However, an funding of as much as 10 billion crowns (867 million euros) could also be required for the primary section solely.

Extraction of the 17 uncommon earth components is problematic as a result of the metals are normally contained in compounds in ore deposits. Mining is advanced and infrequently very damaging to the surroundings. Alf Reistad, managing director of Rare Earths Norway, spoke of “a lot decrease impacts on the local weather and the surroundings” than earlier steel worth chains in deliberate mines in Fensfelt.

Rare earths are used, for instance, within the manufacturing of wind turbines or electrical automobiles. By far, the biggest share of world manufacturing comes from China. The EU, of which Norway just isn’t a member, has to date imported 98 p.c of uncommon earths into the People’s Republic.

In January 2023, the Swedish mining firm LKAB introduced the invention of a deposit in Kiruna, within the north of the nation. There are at the moment no energetic uncommon earth mines in Europe.

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