Strategic Mineral Deposits
As one of the world’s most mineral rich countries and with a highly complex infrastructure already in place Premier Gold Worldwide has grown swiftly to become a leader in the local Green Mining industry here in China.
The US Geological Survey (USGS) predicts that many strategic metals will be in critical demand within the next 100 years and some within the next 30 years. As of 2018 Premier Gold Worldwide to alleviate the approaching shortage of many strategic elements, we use two approaches; opening new mines and increasing the productivity of existing mines. Locating more deposits to open new mines is more practical. However, an important part of our plan is to develop technologies that increase mining yield on existing deposits.
Rare Earth Elements & Green Mining
Currently, there are only a few mines that supply the entire world's demand for REEs and most of them are located in China. The largest REE mine in the world, Bayan Obo, alone provides 40-50% of all REEs. In 2010, Bayan Obo and other REE mines in China provided approximately 97% of the global supply.
New mining technologies and regulations have significantly improved mining efficiency and reduced environmental impact in recent years. In general, mining techniques become much more environmentally sensitive when efficiency is improved because less waste is produced. However, even greater improvements must be made as part of Mission 2016's plan. The current "green" mining techniques need to become more widespread and there will be a focus on researching new environmentally friendly techniques.
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