lynas will win in the end!!!!, page-21

Cafa, It’s really quite simple to understand. Are you suggesting something different?
-Sojitz looked to Lynas for an AVALIBILITY AGREEMENT -8,500 t +/- 500 t per year for ten years.
-Sojitz asked to be SOLE distributor of Lynas product for Japan.
-In an appeal to Lynas, Sojitz looks to Jogmec for money to fund Phase 2 at LAMP.
-Jogmec uses the supplementary budget of Rare Earth package in fiscal year 2010 which gets approved by Japanese cabinet in Oct 2010.
-Jogmec gives $225 mil towards funding Phase 2 of LAMP.


“Sojitz signed a distribution & agency agreement with Lynas that Sojitz will be appointed as a sole distributor and sole agent of Lynas in Japan.
This agreement will enable Sojitz to achieve stable supply of various types of high quality Rare Earth products to Japanese customers.

Sojitz has been seeking various opportunities together with Lynas, following the Strategic Alliance Agreement signed on November 24, 2010, including joint marketing to identify end customers in Japan and arrangement of financing for the completion of Phase 2 of Lynas’ project.
In response to a request for financial assistance to the transaction from Sojitz, JOGMEC reviewed the opportunity and concluded that the transaction will contribute to diversifying the sources of supply and achieving stability and reliability in supply of the Rare Earths products to the Japanese markets.
Consequently, with the consent of Banri Kaieda, the Minister of Economy, Trade and Industry, JOGMEC decided to utilize the supplementary budget of Rare Earth package in Fiscal Year 2010, which was approved by the Japanese cabinet in October 2010, for this transaction.”

http://www.jogmec.go.jp