Rare earth discovery thought to be biggest in Peru
Published: Wednesday, 31 December 2014
US-headquartered RioSol say that independent analysis of the deposit north of Cusco suggest the claim could be the largest in the country, but the attractiveness of a new rich source of the minerals in the Americas is likely to be outweighed by low prices and weak demand.
US-based RioSol SAC has announced that its
Peruvian operating arm, Compania Minera Rio Sol SAC, has
discovered a significant rare earth deposit as part of a wider
poly-metallic discovery, located approximately 95km northwest
of Cusco, Peru.
A statement released by RioSol said that initial reports on
the site indicate that the...