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$6 Trillion in Rare Earth Ore Found in NKorea, Invasion Soon?

 
Saratonin
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08/13/2012 12:06 PM
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$6 Trillion in Rare Earth Ore Found in NKorea, Invasion Soon?
SKorea Trumpets Huge New Find of Rare Earth in NKorea
[link to finance.townhall.com]

During the past week international news services have repeated a South Korean news service report that North Korea has up to 20 million tons of rare earth metal ores in its mountainous interior. This estimate would make North Korean deposits second only to China's and possibly worth $6 trillion, according to press accounts.

All of the recent reports seem to stem from meetings late last year between North and South Korean mining concerns about how best to exploit the rare earth ores. In those meetings, the North delivered to South Korea samples of the ores for evaluation. Since December the North has not responded to South Korean offers to provide their assessment of the quality of the ores.

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Looks like the South wants to be friends with the North after they found out they have something very valuable on their land.

North Korea did not respond so does that mean this adds fuel to an invasion by SKorea/US?

- Sara
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Saratonin (OP)

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08/13/2012 12:11 PM
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Re: $6 Trillion in Rare Earth Ore Found in NKorea, Invasion Soon?
North Korea could rival China on rare earths reserves
[link to rt.com]

North Korea is sitting on around 200 different minerals, including a large number of rare earth metals, hidden in its mountains. The prized resources are attracting companies from China and South Korea, despite the political tension.

­In recent years the isolated country has shown no signs of economic improvement such as large-scale construction projects, modern cars and improved infrastructure, apart from the rumors of a nuclear weapons programme, Leonid A Petrov, a lecturer in Korean studies at the University of Sydney, wrote in an article in Asian times.

The country’s economic recovery after famine and natural disasters could come from the exploration of its rich mineral resources, he stressed.

North Korea's is set to have the world’s second-largest magnesite reserves, and its tungsten deposits are almost the world's sixth-largest. The country also holds sizeable deposits of coal, iron ore, gold, zinc, copper, limestone, molybdenum, and graphite.
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Anonymous Coward
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08/13/2012 12:13 PM
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Re: $6 Trillion in Rare Earth Ore Found in NKorea, Invasion Soon?
bump
Anonymous Coward
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08/13/2012 12:14 PM
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Re: $6 Trillion in Rare Earth Ore Found in NKorea, Invasion Soon?
Rare earth ores are all over the planet. NK does not have the resources to feed their own country. If someone invaded they would have to create an industry to mine it. Do you honestly believe they would invade, costing the country billions to get at it? Its far easier to get them elsewear.
Anonymous Coward
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08/13/2012 12:20 PM
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Re: $6 Trillion in Rare Earth Ore Found in NKorea, Invasion Soon?
Isn't billions for trillions good business #2 ?

drevil

Rare earth ores are all over the planet. NK does not have the resources to feed their own country. If someone invaded they would have to create an industry to mine it. Do you honestly believe they would invade, costing the country billions to get at it? Its far easier to get them elsewear.
 Quoting: Anonymous Coward 21538901
Anonymous Coward
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08/13/2012 12:22 PM
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Re: $6 Trillion in Rare Earth Ore Found in NKorea, Invasion Soon?
we haven't learned from the first korean war, vietnam, iraq, afghanistan that going into unwinnable wars for mongoloid reasons is stupid so why not.
****SUPERFLY****

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08/13/2012 12:26 PM
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Re: $6 Trillion in Rare Earth Ore Found in NKorea, Invasion Soon?
Isn't billions for trillions good business #2 ?

drevil

Rare earth ores are all over the planet. NK does not have the resources to feed their own country. If someone invaded they would have to create an industry to mine it. Do you honestly believe they would invade, costing the country billions to get at it? Its far easier to get them elsewear.
 Quoting: Anonymous Coward 21538901

 Quoting: Anonymous Coward 8976272


You got that right! Funny how both commies China and NKorea have tons of rare earth. China has the cell phone battery market all jacked up in the past 2 years. We need some alternatives, now!!!

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