Shenghe Resources receives approval for jointly acquiring American rare earth ore
2017-06-27 17:31:11 [Print]
Shenghe Resources released the progress on bidding for American Mountain Pass on June 25 at night
. MPMO, a joint-venture partner of the company's Singapore international, has recently signed an asset purchase agreement with the asset manager of Mountain Pass project and submitted for court review . America’s bankruptcy court in Delaware approved the agreement . In addition, the project may be investigated by Committee on Foreign Investment in the United States . After the agreement takes effect, the company will obtain some of the rights and interests of the project through Singapore national trade, which will attach positive impact on the company's development.