Business Chief Europe Magazine May 2015 | Page 89

MINING
Uldum . “ We needed to come to terms with the presence of rare earth elements ( REE ), for which demand has been increasing rapidly . Often REE are associated with uranium and in Greenland one of the big deposits is Kvanefjeld and that is associated with uranium .”
The Ilimaussaq intrusive complex at the southernmost extremity of Greenland , contains huge REE deposits , big enough to end China ’ s near monopoly in the world market for rare earths that are essential to making cellphones , wind turbines , hybrid cars and many other products . However the problem there has been the presence of uranium and another radioactive

“ We needed to come to terms with the presence of rare earth elements ( REEs ), for which demand has been increasing rapidly .”

– Henrik Stendal
Evighedsfjorden www . govmin . gl 89