Alf Reistad, CEO of Rare Earths Norway, told CNBC that the discovery represents a “great milestone” for the company.
Mining firm Rare Earths Norway says it has discovered Europe's largest proven deposit of highly prized rare earth elements.
Alf Reistad, CEO of Rare Earths Norway, told CNBC that the discovery represents a"great milestone" for the company.One of the few deposits not owned or controlled by China, the discovery of continental Europe's largest rare earths deposit is considered a welcome boost in Europe's bid to breakin a June 6 statement that a mineral resource estimate at its Fen Carbonatite Complex in the southeast of the country boasts 8.
"It is important to state that there is absolutely no extraction of rare earth elements in Europe today," Reistad said via videoconference on Monday.is to extract at least 10% of the EU's annual demand for rare earths by 2030 and Rare Earths Norway says it hopes to contribute to that goal.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Norway's prime minister says Norway is formally recognizing Palestine as a stateNorway's prime minister says Norway is formally recognizing Palestine as a state
Read more »
Norway's prime minister says Norway is formally recognizing Palestine as a stateNorway's prime minister says Norway is formally recognizing Palestine as a state. Norwegian Prime Minister Jonas Gahr Støre said Wednesday, “There cannot be peace in the Middle East if there is no recognition.' Gahr Støre said the Scandinavian country will recognize a Palestinian state as of May 28.
Read more »
Europe's Hamasniks: U.N., Norway, Spain, Ireland and others back the terroristsThe flag of the United Nations was flown at half-staff last week to honor the late Ebrahim Raisi, the president of Iran who was killed May 19 in a helicopter crash.
Read more »
The Danish king and his Australian-born wife visit Norway and Europe’s oldest monarchEurope’s oldest monarch, King Harald V of Norway, has welcomed Denmark’s King Frederik and his Australian-born wife, Queen Mary, on their second official visit abroad after the Danish monarch’s mother abdicated this year. The 87-year-old Harald returned to work last month following two surgeries to implant pacemakers.
Read more »
Rare Earths Norway says its REE discovery is Europe’s largestNo 1 source of global mining news and opinion
Read more »
From Europe, for Europe: Volkswagen Group Launches Project for €20,000 All-Electric EVFor Europe From Europe an all electric EV for 20000 EUR from the VW group entry level mobility from the respected manufacturer
Read more »