Biography Korea found the world's largest rare earth mine
- Details
- Category: Rare Earth News
- Published on Wednesday, 11 December 2013 11:26
According to sources , the private sector SRE Minerals announced the discovery in North Korea reportedly the world's largest reserves of rare earth deposits , preliminary assessment showed that the total amount of 6 billion tons of mineral potential , totaling 216.2 million tons of rare earth oxides , theoretically worth trillions of dollars . There is no more news on this further confirmation.
It is reported that , SRE Minerals recently announced trade in natural resources and the Korean company signed a joint venture agreement to set up a new joint venture , the joint venture company the right to develop Jongju rare earth deposits for a period of 25 years , subject to mutual agreement can be extended for 25 years. Jongju rare earth deposit located in the northeast of the North Korean capital of Pyongyang is about 150 kilometers, is allegedly the world's largest rare earth deposits . Analysis, theory, 216 million tons of Jongju deposit is expected to be the current resources of the world's known rare earth oxides doubling .
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