Australia's Arafura Resources (ARU.AX) on 27 October, signalled it was full speed ahead for its Nolans rare earths project in Australia after raising A$90M ($87.5M) in a share placement. Arafura is among a handful of rare earth hopefuls racing to develop new mines to compensate for shortfalls in global supplies as China, which dominates world trade in the high-tech metal elements, restricts exports.
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www.Reuters.com/Article/Iduksge69Q0R420101028?Type=Companynews
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