Minmetals eyes Greek rare earths

Rare earth elements were talked about during a meeting between Greek PM Antonis Samaras and Li Keqiang 李克强 last week in Milan (Η Καθημερινή). Official Chinese accounts of the meeting seem to make no mention of rare earths or any other mining.

In early September, a Chinese delegation that included Minmetals assistant president Wang Jionghui 王炯辉 visited Greece to discuss cooperation in rare earth exploration. During the visit, Greek environment and energy minister Yannis Maniatis Γιάννης Μανιάτης emphasised the potential of rare earth deposits in Greece, one of a handful of European countries with significant REE reserves. (The others are the Nordic countries, where interest in REE is increasing. An example: Tasman’s Norra Kärr project in southern Sweden.)

Minmetals (五矿) is one of the six fortunate conglomerates the Chinese rare earth industry is being consolidated into.

China has a near-monopoly on rare earth production worldwide, but that is not preventing Chinese companies from starting to look at REE deposits abroad with interest, in places like Australia, South Africa and Vietnam. And Greenland, of course, as I’ve mentioned in the past.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s