“The biggest Norwegian finding of cоpper ever“
The company Nussir ASA believes its recently discovered mineral deposit in Kvalsund, northern Norway, has a value of more than one billion EUR. Production might start in 2011.
Geologist working for Nussir ASA say they are surprised about the major amounts of minerals discovered in the area. The drilling shows major amounts of cоpper, the biggest amount ever found in Norway. In addition, up to 15 percent of the deposit contains gold, silver and platina. All together the field has values worth up to 10 billion NOK (1,25 billion EUR), geologist Kjell Nilsen says to newspaper Finnmark Dag blad. He also confirms that the Nussir ASA intends to apply for permission to extract the minerals. If it gets that production might start in year 2011, he adds.
