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Jamaica, Japan Start Rare Earths Extraction Project

By: International Business Times
Posted: 2/4/2013 10:38:00 PM
Referenced Stocks:

Japan and Jamaica on Monday have formally launched a pilot project to test the commercial viability of the island's bauxite waste, more known as red mud, for possible rare earth elements.

If the project confirms what Japanese researchers announced on January that there are high concentrations of rare earth elements in the red mud of Jamaica, it could be among the most "significant projects ever undertaken in Jamaica," Portia Simpson Miller, prime minister of Jamaica, said.

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