Toyota Tsusho May Get Vietnam Mining Rights in Mid 2011

Reuters reports that The Nikkei announced that Toyota Tsusho Corp is likely to secure mining rights for a rare-earth metals project in Vietnam around mid 2011.

The market news is quoted as saying:

Toyota Tsusho, a trading house affiliated with Toyota Motor Corp , and project partner Sojitz Corp have been preparing to start rare-earth operations in Vietnam since they got the go-ahead at a late-October summit between the Japanese and Vietnamese prime ministers, the daily said.

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