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A new mining discovery could change the the future of mankind in the next 50 years.
Experts in Norway have found a gigantic deposit of phosphate rock, which contains enough material to satisfy the ever-increasing global demands.
The material is used in batteries and solar panels, and had been running short in recent years.
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But Norge Mining has now found around 70 billion tonnes of the non-renewable resource in Norway.
The company originally claimed it would keep the world going for around 100 years, but later changed its statement to just 50 years, due to the ever-increasing global demand from specific industries, such as technology and the mobile phone industry.
It also found titanium and vanadium during the search, and it is hoped that a new mine will be fast-tracked and opened in around 2028.
Norge found Michael Wurmser told Euractiv News: “Now, when you find something of that magnitude in Europe, which is larger than all the other sources we know – it is significant.
“The phosphorus from China, Vietnam or Kazakhstan doesn’t make a solar panel necessarily a green product. So that underlines our concept that sustainability begins in the ground, when you dig stuff out.
“When we discovered that, we did two drilling programmes in two zones.
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“And on those two zones, down to 400 meters, we established two world-class resources, which together allow a supply of raw materials for at least 50 years – that is about at least 70 billion tonnes of mineralised phosphate rock.
“What’s important is that the strategic importance of these raw materials is understood by the officials in Brussels.”
It is hoped that once the mines are built, the materials will have an impact on the global economy within the next 10-15 years.
Approval for the mines is expected to be given in the next few months.
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