North Korea to give China right to mine rare earths in return for investment in solar plants – report

PressBee - Russia Today :


China could gain access to a rare earth mine in North Korea in exchange for investment in solar energy, a Chinese industry association website said. The deal could ease North Korea’s chronic power shortages.
According to the Association of China Rare Earth Industry, building a solar power plant capable of producing 2.5 million kilowatts of electricity each day in inland areas like North Pyongan would cost around $2.5 billion. China’s reward for investing would be mining rights to a rare earth mine on the province’s borders.
A source close to the Chinese rare earth industry told Reuters that this type of agreement is “wishful thinking”

North Korea to give China right to mine rare earths in return for investment in solar plants – report