News News
Contact us
  • Customer service number:64321087
  • Commercial service telephone:13918059423
  • Technical service telephone:13918059423
  • Contact person: Mr. Cui 
  • Service
  • Address: room 107, building 8, no. 100, guilin road, xuhui district, Shanghai

World Mining Investment Signs USD 830 Million Rare Earth Deal With China’s Zetai

The date of: 2019-06-21
viewed: 0

source:Yahoo Finance


While trade tariffs and other political nuances between China and America dominate the headlines, an undercurrent of enthusiasm driven by opportunity is the order of the day for companies well placed to take advantage of the vital trade links that need to be made between the East and West.

That is the view of Didier Rault, an international financier, who has orchestrated numerous deals in various sectors with Chinese companies.

Rault, Founder and Chairman of World Mining Investment, recently signed an exclusive partnership agreement with Zetai, a Chinese mining company, to develop and manage a rare earth minerals project located in Guangxi province, China. The financing stage of the projects is currently underway with mining operations to start in mid-2020.

The 37.7 sq./km heavy rare earth mine contains an ion-absorbed rare earth ore with a full-phase grade of 0.09% (REO), and a single-phase ore grade of 0.075% - 0.108% (REO). The pattern of the mine is Yttrium-rich Europium-type rare earth ore, and the rare earth reserves of the entire area is 340 thousand tons (REO).

Based on exploration results and available data, the rare earth resources are estimated to be 346,576.83 tons of all-phase rare earth oxide. A total of 249,743.26 tons of rare earth oxide can be extracted, with a current market value of approximately RMB 57.840 billion.

“There are numerous deals on the table just now, not just in mining but in construction, hospitality and leisure. But while both countries have the desire to invest and partner it can be a bit of a business battlefield and due diligence is vital,” said Rault, who has offices and partners in New York and Geneva.

'This heavy rare earth project is a unique investment opportunity,' Rault added. 'The value of rare earth materials continues to rise based on global demand and limited supply and we're confident that this project will create ongoing revenue and profits.'

“We are excited to partner with Mr. Rault, who brings his extensive expertise, international experience, and proven track record to this project,” said Mr. Du, Chairman of Zetai. “We’re confident that this project will be greatly beneficial to China, and we look forward to a long-term partnership with Mr. Rault to develop other mining projects in Africa and Southeast Asia.”

Didier J. Rault works on complex government and corporate deals between the West and Asia. Since the mid-1990’s, he has spent most of his time working and traveling between Hong Kong, Paris, and New York, and developing his extensive strategic contacts in China. He currently has an office in New York that uses its capital raising business to obtain direct ownership stakes in private funds and direct transactions. He also has a family office in Geneva where he has partnered with select European families to find and arrange strategic projects and investments.

Hot News / Related to recommend
  • 2019 - 10 - 18
    Click on the number of times: 0
    source:KTOOAccording to a letter from his office to the White House, Governor Mike Dunleavy wants the Trump administration to fast-track a proposed rare earth mine in Southeast Alaska. But environment...
  • 2019 - 10 - 17
    Click on the number of times: 0
    source:Yahoo FinanceThe growing use of permanent magnets in the production of batteries for electric vehicles is expected to propel the demand for rare earth elements including neodymium, praseodymium...
  • 2019 - 10 - 16
    Click on the number of times: 0
    source:Geology for InvestorsHalifax, Nova Scotia–(Newsfile Corp. – October 15, 2019) – Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) (“Ucore” or “the Company”) is pleased to announce an upgraded m...
  • 2019 - 10 - 15
    Click on the number of times: 0
    source:Proactive Investors USA & CanadaMedallion Resources Ltd (CVE:MDL) (OTCMKTS:MLLOF) announced another step in its development Friday, having raised a total of C$794,874 in a private placing t...
  • Copyright ©Copyright 2018 2020 Shanghai rare earth association All Rights Reserved Shanghai ICP NO.05017621
    the host:Shanghai Association of Rare Earth the guide:Shanghai Development and Application Office of Rare Earth the organizer:Shanghai rare earth industry promotion center