Business Chief Europe Magazine May 2015 | Page 91

MINING

TANBREEZ

This private Australian company has spent $ 5 million developing its kakortokite-hosted REE resource on the southern edge of the Ilimaussaq intrusion , probably the largest rare earth deposit in the world especially of the heavy rare earths such as dysprosium . The mining project consists of : an open mine pit ; a processing plant ; a port ( including a helipad ); a mine camp ; a tailings deposit ; and internally connecting roads . It is estimated to have a production life of several generations . make up the world ’ s largest deposit of rare earth minerals . Now that the ban has been lifted GME can proceed with obtaining an exploitation licence and permission to process both rare earths and uranium , selling the latter into the many markets where nuclear power stations are being built . Uranium will be a by-product of Kvanefjeld , though an important one .
Greenland ’ s uranium can now be exploited
Finkenaesset
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