Toyota negotiating with Orissa Sands Complex (OSCOM) for setting up a rare earth chloride plant near ChhatrapurBerhampur- Gopalpur- Chhatrapur, Business Standard, Ganjam, Indian Rare Earths Ltd, MINES and MINERALS 2 Comments »
(Thanks to futureberhampur for the pointer.)
Following is an excerpt from a report in Business Standard by Hrushikesh Mohanty.
Japanese auto major Toyota Motor Corporation has evinced interest in setting up a processing plant for rare earth chloride, one of the intermediate products of monazite.
The auto major is in advanced stage of negotiations with Orissa Sands Complex (OSCOM), a unit of Indian Rare Earths Ltd, for setting up the plant near OSCOM’s site at Matikahal, near Chhatrapur, about 30 km from here. …
The rare earth metals used in manufacturing several electronics items, magnet and automobile tools are in high demand in the international markets.The officials of IREL have anticipated several other companies to come forward to set up their plants to process the individual rare earths in the area.
It may be noted that OSCOM is setting up a 10 million tonne per annum monazite processing plant within its existing unit in Orissa.
… The monazite processing plant is expected to start production from next year. Presently the Mining and Mineral Separation (MMS) plant of OSCOM is producing ilmenite and associated minerals by processing the rare earth minerals which are abundant in the Ganjam coast. The present capacity of the MMS plant of OSCOM is 2,20,000 tonnes per annum and the capacity utilization of the plant is almost 100 per cent.