Rusal signs non-binding MOU with Orbite to set up joint venture
Published: Wednesday, 28 March 2012
Potential $25m investment to extract alumina and rare earths from Canada deposit
Russias UC Rusal today signed a non-binding agreement with Canada-based Orbite Aluminae which could see the two companies creating a joint venture to extract metallurgical alumina and rare earth elements from aluminous clay.
The agreement, which could total a C$25m investment (the Canadian dollar is flat to the...