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Resumen de North Korea searches for partners for rare earths deposits

  • "Rare earths and other minerals such as graphite are the main form of payment to China. Rare earths are something that China is looking to keep the monopoly on, so it's logical to assume that rare earths are being sent to China at perhaps a fraction of their market price. North Korea is not in a position to negotiate," he said.

    "They are very picky, and extremely suspicious," he said. "They believe some companies will have foreign spies, and they only permit non-Korean speaking staff to work for foreign companies. Communication becomes limited to government appointed interpreters, who act as agents of the government, rather than as effective business facilitators." "I wouldn't be going in to start mining for rare earths, but I would be going in to do exploratory work," said Ford. "I wouldn't rush in with a big cheque just yet, but you would look to begin and work with them. It's a high-risk environment, but there would be high rewards for early movers."


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