Canadian rare Brazilian joint venture company was the source of rare earth concentrates

Canada has signed a purchase rare Brazilian Mata Azul mine rare earth concentrates agreement. Currently, Mata Azul mining rights owned by Mineracao Mata Azul companies.
   
According to the agreement, Canada has the right to purchase all rare earth concentrates Mata Azul mine production, the price for the base price plus a percentage of the difference between the reserve price and the fair market value. Agreement is valid for 20 years, and under certain circumstances may be automatically extended.
   
Rare Earth Company chairman and CEO of Canada says Tracy: "Mata Azul mine production to meet the needs of rare earth concentrates a large smelting separation plant in Brazil, but also gives us create multiple refinery important place in the global business strategy favorable conditions the company is currently working with several potential investors to conduct in-depth financing negotiations to establish production capacity in Brazil, 10,000 tons of smelter whether negotiations with these investors are successful, the company believes there is potential to do to protect the long-term supply of rare earth concentrates will lead to the end user or other traditional commercial banks are willing to provide project funding once to obtain financing, and concentrator built, Mata Azul project will we propose the construction of large-scale long-term operation of the smelter, the production of rare earth oxides to provide low-cost high-grade rare-earth concentrate raw material. "

 

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