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Turkmenistan intends to develop export of rare earth metals

Business Materials 9 February 2011 15:52 (UTC +04:00)

Turkmenistan, Ashgabat, Feb. 9 / Trend H. Hasanov /

The Turkmen government plans to take some measures to discover rare earth metals, minerals and chemical elements, an official Turkmen source said.

The corresponding order was signed by President Berdimuhamedov.

The proposals on effective methods of development, production and processing of these natural resources for their submission to the Cabinet of Ministers are under preparation.

It is estimated that Koitendag etrap, located in the Lebap area is a prospective one.

"This is a pantry of rare earth metals. Our task is to use this vast wealth. It is one of the priorities and future directions of the country's economy," he said at a meeting.

These resources can be used in manufacturing, especially in health care, energy, oil and gas industry, geological operations and other industries.

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