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Australia Earth Technology

Massive Rare Earth Deposit Found In Australia 149

An anonymous reader writes "A north Queensland mining company has discovered one of the world's largest deposits of the rare earth, scandium, used in fuel cells."
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Massive Rare Earth Deposit Found In Australia

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  • Trivial usage (Score:3, Insightful)

    by Anonymous Coward on Monday October 10, 2011 @01:22AM (#37659340)

    Going by the linked ABC article - and the fact the only thing the company has announced was it's annual report today (which isn't really news as the projects/mines would already have been known).

    Scandium sells for $5,000/kg. According to the annual report, there is only current use of 5t a year (I assume worldwide). So that's only $25 million a year worth of output. That's pocket change for a mine.

  • by Anonymous Coward on Monday October 10, 2011 @02:51AM (#37659692)

    What? As opposed to all the criminal activity NOW in the USA ?

    1: USA built on slavery
    2: USA was the original destination for British convicts (120,000..about the same as Oz later).
    3: 5 % of the worlds population, 50% of the worlds drug use.
    4: 10,000's of gun murders each year.
    5: Still starting off illegal and unjustified wars

    Anyway, you're just jealous. Oz has better weather, and food, and culture and women and economy and education and healthcare and..and..and.....on and on it goes.

    You just want to be us, we know that...but we won't let you.

    Wake me up when your Chinese masters decide to let you out of your $4/hr factory job for 5 minutes.

"My sense of purpose is gone! I have no idea who I AM!" "Oh, my God... You've.. You've turned him into a DEMOCRAT!" -- Doonesbury