Thursday, September 27, 2012

Alaskan geologists are seeking to map
previously unknown  rare earth deposits
FAIRBANKS (Fairbanks Daily News)- The Alaska Division of Geological and Geophysical Surveys  is working to map Alaska’s strategic and critical mineral resources has been tasked to survey the potential  strategic mineral reserves in the state of Alaska. The state has commissioned $3 million in an effort to create a comprehensive map of the strategic and critical minerals in Alaska. These minerals include rare earth metals, cobalt, platinum, tin and yttrium. The mapping effort began in 2011 and is scheduled to continue until 2013 and will determine which locations should be prioritized for mining. (Reliability: Medium)

Comment: This is a pretty solid development on the national security front, as findings could potentially reduce foreign (and therefore possibly hostile) control of critical minerals. Also, large finding could potentially drive down market prices for certain minerals previously thought to be in short supply. Alaska, a state which is both currently and historically very open to resource exploitation will likely reap massive benefits if large deposits are discovered.

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