Resource News
Japan comes knocking for rare earth, uranium stakes
By resourceINTEL · November 2, 2009 · 6:01 am · Leave a Comment
THE Japanese are increasingly looking to secure further resources supplies in Australia, with a focus on rare earths, to stem the dominance China has on the market.
Tomio Harada, the Australian general manager of the government-backed Japan Oil, Gas & Metals National Corp, Jogmec, said the group was focused on finding new opportunities in Australia in rare earths and the uranium sector.
The group, which is also focused on base metals, has already done a $3 million deal with Bondi Resources for its uranium project in the Northern Territory, where the Japanese can own 51 per cent of the project, and also has three other interests in Australia.
Mr Harada said the group was interested in pursuing further joint venture opportunities with Australian companies…read more at The Australian
