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China eyes Australian rare earths

March 16, 2009 - 00:00 GMT

KEYWORDS: Arafura , East China Exploration , ECE , rare earths , ER , ERO , Nolans , Australia , China

East China Exploration to invest US$15.9m. in Australia’s rare earths producer Arafura

ECE seems to be particularly interested in Arafura’s Nolans rare earths-phosphate-uranium project in Nothern Territory. As the Australian company explained, the ECE capital injection will ensure that Arafura has the cash to progress its feasibility work for the Nolans project this year. “ECE will then assist us in project financing for mining and processing for the Nolans project,” said Arafura’s chairman, Ian Laurance.

Development of the Nolans rare earths-phosphate-uranium project is the primary focus of Arafura as the company wants to “specialise...

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