15 C
Supported byspot_img

The exploitation of Portugal’s mineral resources

Member of Europium Groupspot_img
Supported byspot_img

The Swedish state-controlled mining company LKAB has announced the discovery within the Arctic Circle, in a remote northern region, of a deposit totalling more than a million tons of the 27 metals which constitute the “rare earth” group of minerals.

These are essential for the manufacture of electric vehicles, wind turbines and all manner of other equipment essential for the green technology which will transform the European energy market.

Although the extraction process will be slow at first, eventual production will enable manufacturers to obtain this valuable resource (for which prices have rocketed in recent years) and thus replace dependence on supply from China and Russia.

Supported by

The early return of the global inclement weather system known as El Niño is being forecast for the late summer of 2023. With it will come higher temperatures and longer periods of drought than we experienced during 2022.

If this proves to be correct, the conditions for the storage of water and limitations on its use will become even more critical and require strict regulation so that potability and irrigation for agriculture may be sustained.

These two factors have lent clout to the renewed voices of the citizens’ protest  movements which plan to stage in the seven districts where mining companies, nearly all foreign-owned, are seeking to conclude contracts before March for the exploitation of metals such as lithium and copper.

For example, the ‘Montalegre Com Vida’ Association has stated that the Environmental Impact Study for the Romano mine in its Morgade locality calculates that 10,000 m3 of water will be required daily if the projected production level is to be achieved and asks from whence will come this huge volume at a time when local reservoirs are at historic lows and wells to subterranean aquifers are showing depleted stocks.

Pressures upon the government – both by the EU and the international elitist corporations which largely decide the direction of the global economy – to sell off Portugal’s  strategic resources will continue.

The best that can be hoped for is a negotiated reduction in this exploitation by at least one-half over the next five years, with an unconditional provision for suspension should the threat of calamitous environmental deterioration become a reality, Portugal Resident writes.

Supported byElevatePR Digital

Related News

Kazakhstan’s bold vision: Expansion Plans for Rare Metals Industry

"The Comprehensive Plan for the Development of the Rare and Rare Earth Metals Industry for 2024–2028 has been approved, with a projected 40% increase...

Savannah Resources reports significant resource upgrade for Barroso lithium project in Portugal

Savannah Resources has recently announced a substantial upgrade to the resource estimate for its Barroso lithium project in Portugal, with 93% of the resources...

Green mineral development: Ghana and China’s collaborative journey

Ghana's Minister for Lands and Natural Resources, Samuel Jinapor, has made a compelling argument for collaboration between the Chinese government and businesses in the...

Saskatchewan Research Council and Hung Thinh Group partner to boost rare earth metals production

The Saskatchewan Research Council (SRC) has inked a significant five-year agreement with Vietnam's Hung Thinh Group (HTG) to bolster the production of rare earth...
Supported by
Supported by
Supported by
error: Content is protected !!