Rusal signs non-binding MOU with Orbite to set up joint venture

By Siobhan Lismore-Scott
Published: Wednesday, 28 March 2012

Potential $25m investment to extract alumina and rare earths from Canada deposit

Russia’s 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...

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