“We
are now patenting that formula, and the Government of Japan, the company and
ourselves will share jointly in that patent"
Minister of Science,
Technology, Energy and Mining Phillip Paulwell giving an update during the
2015/16 Sectoral Debate on Wednesday April 15th 2015 in the House of
Representatives about the Rare Earth Metal Project
It
appears that rumours of the Death of the Rare Earth Project were greatly exaggerated.
Turns
out it may still have some life left in it.
Minister of Science, Technology, Energy and Mining
Phillip Paulwell gave an update with regards to the Rare Earth Metal Project
during the 2015/16 Sectoral Debate on Wednesday April 15th 2015 in the House of
Representatives as stated in the article “Rare
Earth Pilot Project Was Successful – Minister Paulwell”, published April 17,
2015 by Chris Patterson, The Jamaica Information
Service.
Turns
out the US$600 million was invested wasn't wasted as I’d explained in my blog article
entitled “JBI
and Rare Earth Extraction - Why Nippon Light Metals recanted and JBI Rare Earth
Plant can jumpstart Electronics Industry”.
Japan’s
Nippon Light Metals was able to successful extract Rare Earth Metals from the
Red mud waste material found in the RDA (Residue Disposal Area) at most Bauxite
companies to quote Minister Paulwell: “Where
we were able to successfully demonstrate the commercial extraction of rare
earth using our bauxite residue as it has never been done anywhere in the
world.”
Paulwell’s update on Jamaica’s
Rare Earth Metal – Process to Extract Rare Earth Metals from Red Mud being
Patented
In
fact, what's currently happening now is that Jamaica is seeking to get an
international Patent for the process that was jointly developed by Japan’s
Nippon Light Metals and The JBI (Jamaica Bauxite Institute).
The
reason the Japanese aren't interested is due to lower prices of Rare Earth
Metal as explained in my blog article
entitled “JBI
and Rare Earth Extraction - Why Nippon Light Metals recanted and JBI Rare Earth
Plant can jumpstart Electronics Industry”.
China
has capitulated to the WTO (World Trade Organization) and the ensuing glut due
to American and other countries re-opening their Rare Earth Mines has depressed
World Rare Earth prices to the point that makes them uneconomical to extract
and process, which is very costly.
According
to Minister Phillip Paulwell, Rare Metals Jamaica
Limited, an Australian company is here in Jamaica to try their luck at extracting
Rare Earth Metals.
So
with more Australians in Jamaica, namely Oz Minerals of Australia looking for
Copper since May 2014 as reported in my blog article
entitled “OZ
Minerals of Australia prospecting for Copper in Jamaica - How to get into
Mining Minerals in Jamaica and vybz Kartel's Trailer Load of Money”, does this
mean a revival of Rare Earth Mining is on the horizon?
I’d
reckon that's what really shaking down here...... as there’s Gold in them thar’
hills!!
No comments:
Post a Comment