Wednesday, 26 December 2012 17:22

Europe self-sustained in metallic minerals?

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A trans-European assessment programme financed by the European Science Foundation on Geodynamics and Ore Deposit Evolution (GEODE) confirmed the existence of vast mineral deposits in Europe. Other studies also concluded that Europe is rich in minerals, in fact some individual mineral deposits are so huge as to deserve „world-class status”. An ongoing FP7 investigation PROMINE ( is developing the first pan-European GIS-based database containing the known and predicted metalliferous resources, and is calculating the volumes of potentially strategic metals and minerals that are currently not extracted in Europe. Several other studies have also established from a geological perspective that there are a great number of mineral commodities available in Europe and theoretically high levels of self-sustainability could be reached on most metallic minerals needed by the high-tech industry.