Greece Is Willing to Cooperate with China to Explore Rare Earths

Athens, AFP (Agence France Press) news: Greece, in which there is a considerable number of rare earth deposits, has received a Chinese delegation to discuss cooperation on Tuesday. Greek media reported that there are two exploration programs of rare earth at present,one is at sea, the other is on land.

Greek Environment Minister on Tuesday met with Chinese officials and entrepreneurs, and they talked about the cooperation between the two countries on exploration and production of rare earth metals. China has more than thirty-five percent of rare earth resources in the world. The EU enterprises have to import 14 kinds of strategic metals from China. Development of rare earth metals in Europe meet strict environment protection standards. Greece's mining industry accounts for three to five percent of gross domestic product value.

Greece is one of five European countries who have the reserves of rare earth metals and mineral. The other four countries are Sweden, Finland, Norway and Denmark. It is reported that there are rare earth resources which are worthy of 40 billion euros in Greek soil. Greek journalists said Chinese investors who are interested in Greek mine have agreed to cooperate in the level of science and technology, China has indicated that it will take advantage of these minerals in the future.

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