Copper News Hubb
Advertisement Banner
  • Home
  • Copper news
  • Metal & Minerals Industry
  • Mining
  • Contact
No Result
View All Result
  • Home
  • Copper news
  • Metal & Minerals Industry
  • Mining
  • Contact
No Result
View All Result
Wellnessnewshubb
No Result
View All Result
Home Metal & Minerals Industry

Biggest European rare earths deposit found in Sweden

admin by admin
January 15, 2023
in Metal & Minerals Industry


The Per Geijer deposit is located close to existing operations in Kiruna. Credit: LKAB.

Swedish state-owned miner LKAB has discovered, what it claims to be Europe’s largest known deposit of rare earth oxides, in the Per Geijer area near Kiruna.

The firm has identified mineral resources of more than one million tonnes of rare earth oxides, which are essential for the manufacture of electric vehicles and wind turbines, among other applications.

LKAB president and group CEO Jan Moström said: “This is the largest known deposit of rare earth elements in our part of the world, and it could become a significant building block for producing the critical raw materials that are absolutely crucial to enable the green transition.”

Rare earth elements are currently not mined in Europe. This makes the region reliant on imports to meet demands, which are surging due to an increase in electric vehicles and renewable energy.

Sweden Minister for Energy, Business and Industry Ebba Busch said: “Electrification, the EU’s self-sufficiency and independence from Russia and China will begin in the mine.”

The firm intends to submit an application for an exploitation concession for the Per Geijer deposit in 2023.

LKAB is currently preparing a drift at a 700m depth in the existing Kiruna mine. This is laid towards the new deposit to enable investigation of its depth. 

Moström added: “We are already investing heavily to move forward, and we expect that it will take several years to investigate the deposit and the conditions for profitably and sustainably mining it.”

Located close to existing operations in Kiruna, the Per Geijer deposit has the potential to become Europe’s most important mine for critical raw materials.





Source link

Previous Post

New Saudi company formed to secure critical minerals globally

Next Post

Final Resource Drilling Results Received At Ewoyaa

Next Post

Final Resource Drilling Results Received At Ewoyaa

Recommended

Ascot secures financing for Canadian gold project

2 months ago

Canada fleshes out details of Critical Minerals Strategy

2 months ago

Troilus sells Quebec claims to lithium junior Sayona for C$40m

2 months ago

GoviEx to sell Mali uranium project to African Energy Metals

1 week ago

Panama Aims For ‘Fair’ Deal With First Quantum

1 month ago

Blackstone Successfully Completes Major Milestone at Ta Khoa

1 month ago

© 2022 Copper News Hubb All rights reserved.

Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Privacy Policy and Terms & Conditions.

Navigate Site

  • Home
  • Copper news
  • Metal & Minerals Industry
  • Mining
  • Contact

Newsletter Sign Up.

No Result
View All Result
  • Home
  • Copper news
  • Metal & Minerals Industry
  • Mining
  • Contact

© 2022 Copper News Hubb All rights reserved.