Korea Resources Looking to Africa, Asia for Rare-Earths Mines
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Korea Resources Corp., the state-run mineral explorer, is seeking to invest in mines in Africa and Asia to secure supplies of rare-earths, used in electric cars and wind turbines, Chief Executive Kim Shin Jong said.
“We have currently Africa, Central Asia, Mongolia and Vietnam in mind,” Kim said today in an interview after a seminar in Seoul. Separately, the miner is to meet this week with an Australian operator for cooperation in mining rare-earths, he said, declining to identify the company.