The Conversation (0)
Avalon Rare Metals Inc. (TSX:AVL)(NYSE MKT:AVL)(NYSE Amex:AVL) has chosen Geismar, Louisiana, as the site for its heavy rare earth separation plant and refinery.
Avalon Rare Metals Inc. (TSX:AVL)(NYSE MKT:AVL)(NYSE Amex:AVL) has chosen Geismar, Louisiana, as the site for its heavy rare earth separation plant and refinery.
“Our team investigated over a dozen sites and found that the Geismar site offered several important advantages including proximity to producers of the chemicals needed in the process, excellent transportation infrastructure, a well-trained workforce and a favorable business environment,” said Avalon president and CEO Don Bubar.
When construction begins in 2015, the site is expected to employ up to 300 construction workers and maintain operation with a minimum of 175 employees. The capital budget is estimated at US$300 million. Avalon intends to produce a mixed rare earth concentrate from its Nechalacho deposit at Thor Lake, Northwest Territories, Canada and ship it by rail to Geismar where the concentrate will be processed.
Continue reading the full news release here
