China to Extract North Korea’s Mineral Deposits

The World Journal reported that China will sign an agreement with North Korea on February 15, 2011, to jointly extract North Korea’s mineral deposits. 

“The agreement will specify the mineral sites. … The minerals to be extracted include gold, anthracite coal, and rare earth.” The two countries will set up a jointly owned company in Hong Kong to raise money from China’s private investors. South Korea estimates that North Korea’s total mineral deposits are worth US$6.3 trillion.

Source: World Journal, February 7, 2011
http://gb.worldjournal.com/view/aChinanews/11295144/article–ifbase4-base164-JUU1JTgzJUI5JUU1JTgwJUJDNi0zJUU1JTg1JTg2JUU3JUJFJThFJUU1JTg1JTgzLSVFNCVCOCVBRCVFNSU4
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