Ramaco Resources Inc. said it found two more rare minerals in a Wyoming coal mine, adding to its discovery of what the company has called one of the largest deposits of rare-earth elements in the US.
  • It’s been reported minerals could value mine at $37 billion
  • China recently put export controls on the rare-earth elements

Ramaco Resources Inc. said it found two more rare minerals in a Wyoming coal mine, adding to its discovery of what the company has called one of the largest deposits of rare-earth elements in the US.

The mine that the metallurgical coal producer is surveying for rare-earth elements used in magnets also contains gallanium and germanium, two minerals that China recently put export controls on, Chief Executive Officer Randall Atkins said Wednesday in a Bloomberg Television interview. It’s been reported that the mine could be valued at as much as $37 billion.

Coal is here to stay