Rhodia signs MoU with Areva rare earths uranim

Rhodia signs MoU with Areva for rare earths and uranim

12:27 PM, 17th June 2011
Rhodia signs MoU with Areva for rare earths and uranim

PARIS, FRANCE: Areva, ranked first in the global nuclear power industry and a key player in uranium mining, and Rhodia, leader in the production of rare-earth based formulations, have signed a memorandum of understanding to develop deposits containing a mix of uranium and rare earth elements.

Under the terms of the agreement, the partners will combine their respective expertise and competencies to put together joint offers for the development and exploitation of hitherto unworked deposits containing the two strategic resources.

Eventually, the two parties could link up to conduct joint technical audits or studies of identified deposits, create specific joint-ventures or co-participate in mining projects carried out by Areva or third parties.

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