Ramaco Resources

Dec 8, 2023

Rare earth discovery in US values coal mine at $37bn Ramaco Resources discovers gallium and germanium in Wyoming Share this article Credit: lexaarts via Shutterstock A coal mine in Wyoming in the US could be valued at as much as $37bn after two more rare minerals were discovered there. Ramaco Resources said the latest discoveries add even more value to the site, which the company says already boasts one of the largest deposits of rare-earth elements in the US. Go deeper with GlobalData Ramaco CEO Randall Atkins told reporters that the site contains “a rather valuable basket of elements”. China announced restrictions on gallium – a mineral used in semiconductors and military radar systems – and germanium – used in communication, night-vision goggles and space exploration – in July as part of a trade war on technology with the US and Europe. Atkins said that Ramaco has been in contact with the US Defense Department about its discovery. How well do you really know your competitors? Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge. Not ready to buy yet? Download a free sample We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form By GlobalData Submit Tick here to opt out of curated industry news, reports, and event updates from Mining Technology. I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the privacy policy Submit and download However, no time frame has been put on when production or processing of the rare-earth elements will start, and it could take 12 to 24 months for Ramaco to analyse how it will even extract the minerals, Atkins said. The production of gallium metal is often connected with bauxite processing to aluminium. The majority – around 80% – comes from China. Sign up for our daily news round-up! Give your business an edge with our leading industry insights. Digital Magazine: MINE Australia: Mining Technology Focus (monthly) Digital Magazine: MINE: Mining Technology Focus (monthly) Digital Magazine: Thematic Take (monthly) I consent to Verdict Media Limited collecting my details provided via this form in accordance with Privacy Policy Subscribe Vist our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address. Thank you for subscribing close Mining news and in-depth feature articles on the latest mining company deals and projects covering trends in mineral exploration with up to date data on the most mined metal and mineral commodities