Quebec, Canada, found abundant rare earth mineral resources

Canadian rare mineral exploration company (QuestRareMineralsLtd.) On its official website the latest company , said the company in northern Quebec , Canada found a wealth of rare earth minerals.

Rare earths are scarce non-renewable resources , the " industrial vitamins " reputation . Rare earth elements in the military, petroleum, chemical, metallurgy, textiles, ceramics , glass, new materials and other fields are widely used.

China 's rare earth reserves accounted for approximately 23% of the world's total reserves , is the world 's largest rare earth production, application and exporter. June 20, 2012 release of " China 's rare earth conditions and policy," the white paper says , China bear more than 90% of the world's supply of rare earth market , but China 's rare earth industry, there is over-exploitation of resources , ecological environment severely damaged, irrational industrial structure , a serious departure from the value of the price and other issues .

Explore Cassin , president and CEO , said products of modern technology are inseparable from the earth, covered the smart phones, electronic panels, integrated fluorescent lamps, light emitting diodes , and the automotive industry need to use rare earths.

Headquartered in Toronto, pre-feasibility study to explore the company report predicts that the project average annual production of rare earth oxide concentrate 13,650 tonnes , and believe it has the potential to become a significant long-term global supplier of heavy rare earths . Reported that 47% of the annual Lake rare earth mine bizarre amount of rare earth oxide minerals , 57% of total revenue in the future weight of rare earth and yttrium concentrate.

The company estimates, in accordance with the open- rare earth mine life of 30 years , the initial start-up capital needs 2.57 billion Canadian dollars, to begin production in the fourth year . It is estimated that in 2018 put into production, annual revenues of more than $ 1 billion .


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