Stans Energy said last week it would purchase a 100 percent stake in the plant near Kyrgyzstans Kutessay II rare earth metals mine as well as the plants private rail terminal for $5.5 million from the Kyrgyz Chemical and Metallurgical Plant (KCMP).
The plant once produced 80 percent of rare earths for the Soviet Union from the Kutessay mine in the 30 years it operated before closing in 1991, the plant was closed do to the fall of USSR.
The plant once produced 80 percent of rare earths for the Soviet Union from the Kutessay mine in the 30 years it operated before closing in 1991, the plant was closed do to the fall of USSR.
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