Grupo Mexico Considers Mining for Rare Earths

Uranium (Nuclear Minerals) / Other Sources, RTGs, Sea Water, Thorium, Helium-3, & Fusion Research / Rare Earth Elements

Date posted: 07/21/14

Conglomerate Grupo Mexico, the largest mining company in Mexico, is considering expanding into rare earth metals, a group of elements of increasing importance in variety of industries including green technology, defense systems, consumer electronics, and high-tech applications. The mining powerhouse may start at its operations in Sonora and Chihuahua states, which have already proven to have economically viable rare earths deposits. Later, the firm would expand further south in Oaxaca and Chiapas. The news come only weeks after the government announced it would begin funding explorations projects to locate deposits of the coveted elements. The news come only weeks after the government announced it would begin funding explorations projects to locate deposits of the coveted elements. Given the recent ties with South Korea, which has been supporting Mexican universities and firms in their dawning quest for rare earths, the company could become the main provider of such materials to Seoul, a spokesman from Grupo Mexico told Agencia Reforma.