Chiyoda and Sage Geosystems Advance Next-Generation Geothermal Chiyoda Corporation and Sage Geosystems have signed a memorandum of understanding to conduct a technical and commercial feasibility study for high-pressure surface facilities tied to Sage’s proprietary enhanced geothermal systems approach. The announcement is an important step for next-generation geothermal because it focuses on the infrastructure needed to turn deep subsurface energy into reliable commercial power. The study is not a full build decision, but it is the kind of engineering work that usually comes before one. It will help determine whether Sage’s pressure-based geothermal concept can be translated into a scalable, bankable power-generation system. What the partnership covers The collaboration centers on the surface equipment required to handle high-temperature, high-pressure fluid produced from wells. Sage will provide key operating inputs, including wellhead pressure, temperature conditions, fluid proper...
LKAB owns and run the Kiruna ore mine, which is Europe’s largest underground iron ore operation. (Image courtesy of LKAB.)
LKAB, Swedish state-owned mining company, said it had found Europe’s largest known deposit of rare earths close to Kiruna, the country’s northernmost town.
This discovery might unchain the continents dependence in mining from the China.
98% of the group of 17 minerals used in electric vehicles (EVs), portable electronics, wind turbines and military equipment are produced by the nation.
According to LKAB, the Per Geijer deposit, north of the company’s largest iron ore mine in the Swedish Arctic, is estimated to contain more than 1 million tonnes of rare earths.
Developments still in exploratory phase with the full extent of the deposit is not known.
“It will be at least 10 to 15 years before we can actually begin mining and deliver raw materials to the market,” chief executive officer Jan Mostrom said in the statement, citing a timeline derived from other permitting processes in the industry.
LKAB plans an application for an exploration concession this year, before seeking permits.
Mostrom called on the European Commission to speed up and streamline those processes as part of its Critical Raw Materials Act, which is expected to be announced in March this year.
Sweden plays a pivotal role in the European Union’s renewable energy quest, supplying about 90% of the continent’s iron ore. Most of the steelmaking commodity is mined at LKAB’s operations.
Source: Mining.com
#Sweden #Renewableenergy #RareEarths #Europe
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