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stang gold mining machine machine in denmark

stang gold mining machine machine in denmark

Denmark: Mining, Minerals and Fuel Resources

Denmark does not have any economically exploitable metallic mineral reserves. However, it does have a few non metallic materials reserves such as clays , stone , lime, chalk, peat, and salt. The country is also known to be the sole producer of moler, which is a natural mixture of diatomite and smectite clay, used for making insulation bricks. The national flag of Denmark. Image Credit: CIA Factbook

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In 2010, Aalborg Portland A/S, a subsidiary of Cementir Holdings S.p.A. of Italy, was the top producer of grey and white cement in Denmark. The company was also the worlds top manufacturer of white cement in the same year. It operated seven kilns at its Rordal plant with a production capacity of 850,000 Mt of white cement and 2.7 million Mt of grey cement.

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Denmarks petroleum and natural gas production was valued at $6.9 billion and $1.8 billion, respectively, in 2010. The countrys natural gas and petroleum fields are all located in the Danish area of the North Sea. These mineral fuels are the most profitable mineral commodities in the country. However, petroleum production has been steadily declining in recent years as reserves are being depleted. It fell from about 125 Mbbl in 2006 to about 90 Mbbl, in 2010. As per the latest reports, the oil production of the Danish Underground Consortium dropped about 4% this July in comparison with that of June.

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According to experts, Denmarks mineral industry needs to focus on sustaining itself in the future by promoting exploration activities, especially in the lucrative natural gas and petroleum sector. The government has to take initiatives to continue research in advanced technology and new exploration methods so as to aid the mining sector and increase production levels. New World Oil and Gas plc, a global company dealing with investment and operation of oil and gas reserves, has recently acquired two exploration and drilling licenses totaling an area of 4,107 km2in the Jutland on shore area in southwest Denmark. Experts believe that Denmark is likely to continue being a net exporter of mineral fuels in the near future. The government is also looking at options to become fully independent of fossil fuels by 2050. Disclaimer: The author of this article does not imply any investment recommendation and some content is speculative in nature. The Author is not affiliated in any way with an...

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