Tuesday, July 26, 2005

Resource discovery

Great news from northern Saskatchewan:
Northern Saskatchewan could soon be home to one of the first "rare earth" mineral mines in North America.

The 15 minerals considered "rare earth" are used in numerous products in the electronics industry, including MRIs, TV screens, rechargeable batteries and hydrogen-powered cars...

Industry analysts say this could be the beginning of a growing industry for Saskatchewan.

What has them excited is that all 15 minerals have been found together in abundance at a site just north of Uranium City.

The article notes that 80% of the world's current production of these minerals comes from China. A Saskatchewan deposit would be more convenient to the North American and European markets, making it a potential boon both for Saskatchewan itself, and for Canadian, American and European industries needing the supplies.

This is early going - but it's a very promising start.

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