Massive Rare Mineral Deposits Discovered in Thailand

[webfact]

 

Thailand is believed to be sitting on an extensive treasure trove of mineral resources, valued at a staggering US$1.20 quadrillion (44.41 quadrillion baht), according to a recent revelation by the Mineral Resources Department.

 

Pichit Sombatmak, the department's director-general, unveiled that around 30 trillion tonnes of minerals are dispersed across 60 million rai (9.6 million hectares) of the country. These minerals, if exploited, could kickstart new industries and significantly bolster the economy.

 

Among these resources, rare minerals like lithium and quartz are particularly noteworthy. These can be harnessed in producing solar panels, electric vehicle (EV) battery cells, and electricity storage systems, key components in the growing renewable energy sector. Quartz, for instance, is vital in manufacturing high-efficiency solar panels.

 

In addition, potash deposits in the Northeast offer immense potential. With an estimated 10 billion tonnes available across ten regions, valued at approximately 161 trillion baht, potash can be pivotal for developing fertilisers and even sodium-ion batteries for electric vehicles. Pichit believes that within five years, the government will back the production of these sodium-ion batteries, capitalising on the country's vast potash reserves.

 

The department has also pinpointed 30 prospective sites spanning about 10 million rai in nine provinces, laden with rare and valuable minerals. One such mineral, monazite, found in significant quantities, can be sold for around 127,000 baht per tonne, contributing immensely to the economy.

 

While the potential is grand, balancing environmental concerns and mining activities will be crucial as Thailand looks to harness these mineral resources for future growth and sustainability. The discovery opens up myriad possibilities, spearheading technological and industrial advancements while positioning Thailand as a key player in the global mineral market.

 

File photo. Source: Wikipedia

 

-- 2024-06-15

 

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[NE1]

59 minutes ago, webfact said:

One such mineral, monazite, found in significant quantities, can be sold for around 127,000 baht per tonne, contributing immensely to the economy.

 

While the potential is grand, balancing environmental concerns and mining activities will be crucial as Thailand looks to harness these mineral resources for future growth and sustainability.

Can't see the Environmental concerns getting in the way making money.

[BKKBike09]

1 hour ago, webfact said:

Among these resources, rare minerals like lithium and quartz are particularly noteworthy.

 

Ah. That rarest of minerals, quartz!

 

Quartz is one of the most abundant minerals in the Earth's crust and is found on all continents. 

https://naturalhistory.si.edu/education/teaching-resources/featured-collections/all-sorts-quartz#:~:text=Quartz is one of the,colors%2C and has many uses.

 

Quartz is so common in crustal rocks that it's more notable when quartz is missing than when it's present.

https://www.thoughtco.com/all-about-quartz-1440958

 

(That's enough Quartz for a Saturday morning - Ed.)

[steven100]

rip it up,  drill,  blast, excavate ....  and don't stop.  All those jobs and all that export cash.

Don't worry about the environment,  it won't even look out of place what with all the rubbish and plastic strewn throughout the country.  

 

 

[Captain Flack]

A couple of posts against community rules have been removed.

 

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[Pouatchee]

here comes uncle xi... after all china surely wont let poor little thailand undermine its near global monopoly

[Peterphuket]

4 hours ago, BKKBike09 said:

 

Ah. That rarest of minerals, quartz!

 

Quartz is one of the most abundant minerals in the Earth's crust and is found on all continents. 

https://naturalhistory.si.edu/education/teaching-resources/featured-collections/all-sorts-quartz#:~:text=Quartz is one of the,colors%2C and has many uses.

 

Quartz is so common in crustal rocks that it's more notable when quartz is missing than when it's present.

https://www.thoughtco.com/all-about-quartz-1440958

 

(That's enough Quartz for a Saturday morning - Ed.)

And even if that is not enough, quarts have been made synthetically for more than 70 years.

[topt]

5 hours ago, webfact said:

according to a recent revelation by the Mineral Resources Department.

All of a sudden.................or has somebody just added up a load of "guesstimated figures" and given it a valuation.

Mineral Resources department looking for a budget increase or why now?

[hotchilli]

Great idea, dig up Thailand.

[malathione]

Neither lithium nor quartz are rare.

[Chassa]

In addition, potash deposits in the Northeast offer immense potential.

 

The Canadians have been trying to mine this for the last 20 years but the locals object.

[steven100]

1 hour ago, hotchilli said:

Great idea, dig up Thailand.

get China over here with some drag lines .....  

[steven100]

after the last Kingsgate Aussie goldmine fiasco I doubt anyone wants to get involved with Thailand mineral extraction.  

[john donson]

wow seems eco friendly

[keithkarmann]

44.41 Quadrillion? That's quite a lot. Share that between 60 million or so population and nobody will need to work again. That's if my mathematics are correct.

[RichardColeman]

I'd wait and see if it's not a spilt tin of purple paint or something first.

[johng]

2 hours ago, hotchilli said:

Great idea, dig up Thailand.

 The holes they dig  extracting this vast wealth would then serve as reservoirs  capturing the monsoon rains and ending the dry season droughts   "buy one get one" 😋

[digger70]

Massive Rare Mineral Deposits Discovered in Thailand 

 

Well now what happens when they start digging the Trillions of tons of dirt  out of the ground .

Digging their way to China or other country depending on digging direction. 

Isn't Thailand a sinking Low country? With those big mining holes the place will be Drowned/Flooded forever. 

[steven100]

The future of Thailand  .....   

 

[novacova]

8 hours ago, NE1 said:

Can't see the Environmental concerns getting in the way making money.

Yet a poster getting away with posting a comment here using a device that causes environmental concerns.

[rwill]

1 hour ago, keithkarmann said:

44.41 Quadrillion? That's quite a lot. Share that between 60 million or so population and nobody will need to work again. That's if my mathematics are correct.

99.9% of it would go to a few families.

Edited June 15 by rwill

[Peterphuket]

35 minutes ago, steven100 said:

The future of Thailand  .....   

 

Looks like a toy made by Dinkytoys

[Luuk Chaai]

8 hours ago, steven100 said:

rip it up,  drill,  blast, excavate ....  and don't stop.  

 it won't even look out of place what with all the rubbish and plastic strewn throughout the country.  

and..  they might even find Jimmy Hoffa !

 

 

[retarius]

What again??????? The last time was a few months back but when they actually surveyed the site it had almost nothing.

[stoner]

i love me some good old fashioned thai officials and their projections or numbers but this one takes it.

 

1 quadrillion dollars  ? perspective.

 

 

10 hours ago, webfact said:

significantly bolster the economy.

 

1.2 quadrillion dollars would solve many of the worlds major issues never mind give the thai economy a boost. 

 

1 QUADrillion

 

not billion or even trillion but 15 zeros after that bitch. how stupid they look saying this...

 

How much is a quadrillion dollars

• The estimated value of the world’s total wealth is around $250 trillion. A quadrillion is 4,000 times this amount.
• The estimated value of the world’s GDP (Gross Domestic Product) is around $80 trillion. A quadrillion is 12,500 times this amount.
• The estimated value of the world’s total debt is around $250 trillion. A quadrillion is 4,000 times this amount.

at least afghanastan is modest at a measly trillion.

 

Afghanistan is believed to have vast mineral wealth, with estimates suggesting that the country’s mineral resources are worth over $1 trillion. The country has significant deposits of various minerals

[Grusa]

1 hour ago, digger70 said:

Isn't Thailand a sinking Low country? With those big mining holes the place will be Drowned/Flooded forever. 

No...No! You've got it wrong!

By diggng those holes, you've turned it into a dugout canoe, and it will float.

As a @digger70 I would have thought you should have known that. Just shows the superiortity of Thai edification.

Edited June 15 by Grusa

[gargamon]

Anybody remember Bre-X? https://en.wikipedia.org/wiki/Bre-X

[rovinman]

22 hours ago, NE1 said:

Can't see the Environmental concerns getting in the way making money.

 

It's a good way of getting NEW Resevoirs and Nature attractions built

[wavodavo]

On 6/15/2024 at 11:01 AM, NE1 said:

Can't see the Environmental concerns getting in the way making money.

Who gives a toss about the envirionment ..if it can lift the living standards of the Thai people  and fund infrastructure such as hi speed railway and new roads,freeways and social housing,etc, etc .

[sammieuk1]

And the new PM will be announced as General Quadrillionaire son of Xi' get digging 🤔