OTCPK:MCPIQ - Post by User
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Endorseon Jun 27, 2014 10:48am
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Arrest at Malaysian Rare Earths Refinery
Arrest at Malaysian Rare Earths Refineryhttps://thediplomat.com/2014/06/arrests-at-malaysian-rare-earths-refinery-protests/
As companies vie for their slice of the lucrative rare earth pie, China is dealing with the devastation of decades of mostly unregulated rare earth mining and refining, spending billions to rectify the damage. In 2012, the government released a white paper which conceded that: “Excessive rare earth mining has resulted in landslides, clogged rivers, environmental pollution emergencies and even major accidents and disasters, causing great damage to people’s safety and health and the ecological environment.’’
The above mentioned environmental catastrophe caused by the Chinese is why Molycorp is on the right track and more business should move in it's direction.