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Commodities Briefing - Categorized | Metals and Minerals, Trends more

Rare earth monopoly coming to an end

Posted on 03 March 2011

From Marketoracle.co.uk: Canada based Stans Energy Corporation is currently focused on developing mining properties in Kyrgyzstan. The company acquired the mining license for the past-producing Kutessay II rare earth mine in October 2009 and is now gathering and analyzing its historical data.
Kutessay II along with the Kyrgyz Chemical Metallurgical Plant (KCMP) was the Soviet Union’s most advanced mining properties at one time. It supplied 80% of the nation’s rare earth metals for 30 years from 1960 to 1991. The mine was shut down in 1991 because of a fall in rare earth prices…………………………………….Full Article: Source


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VRS - who has written 36970 posts on Opalesque Commodities Briefing.


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