Australians Eye Magnetite in Iceland?s Ocean

Soley Minerals, a subsidiary of the Australian mining company Thielorr Sarl, has applied for permission from the National Energy Authority to explore whether magnetite and other metals can be harnessed from the ocean floor off south Iceland and in H�radsfl�i bay in the east.

Source: http://icelandreview.com/icelandreview/daily_news?cat_id=29314&ew_0_a_id=382523

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