What was good doing?

https://qz.com/1004330/north-korea-is-sitting-on-trillions-of-dollars-on-untapped-wealth-and-its-neighbors-want-a-piece-of-it/

https://www.mining.com/largest-known-rare-earth-deposit-discovered-in-north-korea-86139/

https://www.voanews.com/a/north-korea-rare-earths-game-changer/1832018.html

British Islands-based private equity firm SRE Minerals Limited announced the study results in December, along with a 25-year deal to develop the deposits in Jongju, northwest of the capital, Pyongyang.

The joint venture, called Pacific Century Rare Earth Mineral Limited, is with state-owned Korea Natural Resources Trading Corporation.

The potential bonanza could offer the isolated and impoverished North a game-changing stake in the rare earths industry.

Tip of the ice cube

What was goog doing?

https://freewestmedia.com/2018/05/28/north-korea-happens-to-be-the-worlds-largest-rare-earth-trove/

Australia’s international private equity fund SRE Minerals (SRE) announced on December 4 last year that it had signed a joint venture agreement with North Korea’s Chosun Natural Resources Trading Company to develop rare earth resources in Zhengzhou, North Pyongan Province.

According to the press release, the joint venture, Pacific Century Rare Earths Minerals Limited (PCL), will have the right to develop all of the rare earth resources in the Zhengzhou area for the next 25 years, valued at about $65 trillion.

SRE executive director Dr Louis W. Schurmann is an expert in this area with his ​​29 years of experience in geological exploration projects. According to Schurmann, Zhengzhou is the world’s largest rare earth resource.

What is Rare Earth? Rare Earth Elements (REE) refers to 15 elements of lanthanum and 17 elements such as scandium and iridium. Rare earth is not a rare element, but it is hard to get in the form of concentrated minerals. There are more than 200 kinds of minerals containing rare earth, but there are few such as monazite, bastnasite, xenotime, and ion adsorption fluorescence, which are used for industrial purposes because they are economical.

Rare earths are chemically very stable metal elements. They do not change even in dry weather, they conduct heat well and have excellent chemical, electric and magnetic properties and are used in various applications, especially in high-tech industries.