Old 10-24-2013, 10:56 PM
Sparty Sparty is offline
Join Date: Mar 2009
Posts: 1,128
Default Greenland votes yes to uranium mining

Greenland votes to allow uranium, rare earths mining
Greenland's parliament has voted to end a decades-long prohibition on mining for radioactive materials like uranium, further opening up the country to investors from Australia to China eager to tap its vast mineral resources.

The move will not only allow the mining of uranium deposits, but also of rare earths, minerals used in 21st century products from wind turbines to hybrid cars and smart phones and that are currently mostly extracted by China.

This should be hugely positive for ASX: GGG holders of the world's largest Rare Earths deposit and third largest undeveloped uranium resource. GGG has developed a seperation technology that will allow quick seperation of their HREEs , light REEs and Uranium.
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