Norway Takes Over Planning for Rare Earth Mine From Municipality
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000The Fens deposit in Norway’s Telemark region includes the rare earth neodymium.Norway’s government will take over the planning from local authorities for what is touted to be Europe’s largest documented occurrence of rare earth elements, vital for the electronic and defense industries.The municipality of Nome in the Telemark region asked the state to take over the planning process of the Fens deposit due to a large potential for conflict over land use with various national considerations that must be weighed against each other, Industry Minister Cecilie Myrseth and Regional Development Minister Bjornar Skjaeran told reporters Wednesday.