Mining Sector Ideas

[BottomBounce]

$NAK Pebble Mine, Alaska

A new mine with extensive resources is awaiting a federal permit from the Army Corps of Engineers to begin construction in Southwest Alaska. Pebble Mine is one of the largest undeveloped reserves of copper, molybdenum, and gold in the world. Its mineral deposits also include silver and other critical metallic minerals such as pyrite, chalcopyrite, molybdenite, bornite, covellite, chalcocite, digenite, and magnetite. Pebble’s copper production is expected to average 318 million pounds a year, which could supply as much as 25 percent of our country’s copper needs over the next century. It is also expected to produce 14 million pounds of molybdenum, 362,000 ounces of gold, and 1.8 million ounces of silver per year. The Pebble Mine contains billions of pounds of rare earth elements. It is rich in two important rare minerals—palladium and rhenium, containing enough rhenium to supply the entire world’s needs for nearly half a century. Rhenium is used in the construction of military jet engines and as a catalyst in high-octane fuel combustion.

https://www.instituteforenergyresearch.org/renewable/pebble-mine-could-reduce-dependence-on-china-for-critical-metals/