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SCANDINAVIAN MONTHLY | BUSINESS
Business
Norway’s New Oil? Text Tor Kjølberg
Norway has discovered a huge deposit of critical raw materials. Will this be Norway’s new oil? It might make the EU less dependent on China and Russia with regard to the bloc’s energy transition. An incredible 70 billion tons of phosphorus lie underground in the county of Rogaland in southwestNorway, and the company NorgeMining digs for minerals worth several
hundred billion Norwegian kroner. The biggest deposit of its kind globally The Anglo-Norwegian mineral exploration company Norge Mining plc has a clear vision: to become a global leader in sourcing and developing valuable minerals using modern and sensitive mining methods. Now, the company claims to have discovered the biggest deposit of its kind globally,
which could produce 70 billion to 80 billion tons of ore-containing material. In 2018, Norway was not even on the list of the world’s largest phosphate reserves. Related: Danish Company is Storing Renewable Energy in Stones In the valleys of the south-west, surrounded by birch trees, towering mountains and yellow-green plains,
All images © Norge Mining.
