Old 06-19-2009, 06:01 AM
Sparty Sparty is offline
Join Date: Mar 2009
Posts: 1,143
Default Australia could still be the World's REEs "swing" producer

Greenland Minerals and Energy ASX Code: GGG has published their resource upgrade...and Australia is still in the running to be the world's REE "swing" producer.

IMO GGG is at great risk of being subject to corporate activity, sooner than later.

GGG June 09 upgrade

4.91 Mt of Total Rare Earth Oxide

0.99 Mt of Zinc

0.12 Mt of Uranium Oxide

3.09 Mt of Sodium Fluoride

The chart below shows the distribution of the World's REE by company.

Notes: Baiyunebo is China's major REE province. Australia's Mt Weld deposit is Lynas Corps' (ASX: LYC) very rich deposit and Kvanfield is held by Australia's Greenland Energy and Minerals (ASX: GGG)

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