An Alaskan company hopes to commence mining of rare earth minerals in the south east of Prince of Wales Island by 2016.
The Ketchikan Daily News reports Ucore Rare Metals’ plans to commence construction of the mine by 2014, contingent upon obtaining the necessary permits, before beginning operation two years subsequently.
Ucore CEO Jim McKenzie says that Alaskan project could help challenge China’s domination of the international rare earth market, with control of 90% of global supply.
Source: Mining.com
By Marc Howe