Vietnam and Japan are scheduled to sign an agreement on establishing a rare earth co-exploitation business when Japanese Prime Minister Yoshihiko Noda meets his Vietnamese counterpart Nguyen Tan Dung.
The joint venture will be run by
It’s also possible that another Japanese national economic group would invest in this joint venture but the investment amount has not been announced.
The production of rare earth will begin at Lai Chau province’s Dong Pao mine in 2013 with the aim of providing more than 20 percent of
The mine is expected to provide 3,000 tonnes of rare earth metals per year in 2013 and double the capacity in the second phase.
Under the to-be-signed agreement, a joint research centre will be set up in
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