Greenland to allow mining of radioactive materials

Perhaps the cost of rare earth magnet EV motors might now drop...

"According to the International Resource Journal, 'Greenland has voted to axe a long-enduring ban on mining for radioactive materials, reopening the market to uranium and rare earths mining. Yesterday's parliamentary vote passed the decision by a staggeringly close 15-14 votes. ... The ban has previously prevented the extraction of some major rare earth deposits, because they are connected to radioactive materials.' 95% of the world's rare-earth demand is currently supplied by China, but estimates indicate Greenland could produce enough to supply 25% of the demand. Greenland's Prime Minister said the decision was made because of financial reasons: 'We cannot live with unemployment and cost of living increases while our economy is at a standstill. It is therefore necessary that we eliminate zero tolerance towards uranium now.' Environmental groups, as you might expect, are not happy."

http://www.reuters.com/article/2013/10/25/us-greenland-uranium-idUSBRE99O05A20131025" onclick="window.open(this.href);return false;

http://www.internationalresourcejournal.com/resource_news/6075.html" onclick="window.open(this.href);return false;

Developing additional resources other than China has to be a good idea. as for the possible ecological impacts? I dont know. In any scenario, it can be done right (expensive and slowly) or done wrong (cheaply and fast)

I think proper oversight can control the situation. Its all a matter of not letting money do all the talking

It's a shame they didn't ban the processing and/or export of radioative materials, while allowing rare eerths mining...

Now that the glaciers are all melted it should be easier for the mining companies to access the minerals.

The two are often intertwined...

LeftieBiker said:

It's a shame they didn't ban the processing and/or export of radioative materials, while allowing rare eerths mining...

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